Do i need to register for VAT?

Forum Categories GENERAL VAT DISCUSSIONS Do i need to register for VAT?

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    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?




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