ill try keep this short but im in a bit of a pickle and looking for advice
I run a large care company with 10+ subcontractors
The business income went over the vat threshold last tax year
70%+ of that income goes to my subcontractors. Example £100,000 and i paid out £70,000 to my self employed staff so i assumed i would just pay my normal taxes on £30,000
I dont charge our clients VAT nor am i registered for VAT
The business income is close to hitting the threshold again this tax year.
My question is do i need to register and pay VAT?