Reply To: Should I register for VAT (some self employed income)

Forum Categories VAT REGISTRATION Should I register for VAT (some self employed income) Reply To: Should I register for VAT (some self employed income)

#55839

You are not required to register for VAT as your business turnover is below £85,000. However uou can register voluntarily for VAT. You must pay HMRC any VAT you owe from the date they register you. For small business selling to the public there is usually no advantage of registering voluntarily given the VAT administration costs- filing returns, penalties if not done properly, accountants’ fees etc.

However there’s no threshold if neither you nor your business is based in the UK. You must register as soon as you supply any goods and services to the UK (or if you expect to in the next 30 days). This is meant to catch foreign suppliers like Chinese sellers on Ebay or App sellers making millions from UK buyers yet most UK sellers have to add VAT to their sells.