Topic: Should I register for VAT (some self employed income)
I was self employed until a year ago, after which I became a full time employee, but still release an app or two now and then on the Apple app store which brings about £3-5k/year, so I still do self assessment. I do buy equipment (mainly new phones for development) for this work and I was reading on the HMRC website how you can reclaim the VAT of business purchases if you are VAT registered. However, I can't find any information about what that exactly means in respect to app store income - Apple receives and remits the appropriate tax for each region and I don't even see it in financial reports.
So, the first question is, can I even do a VAT registration?
The second question, even if I can, would I want to?
Thanks in advance,