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Brexit and VAT

As the UK prepares to leave the European Union (EU) on 29th March 2019, all businesses are tasked with making essential plans for how they will carry out their operations after Brexit. The VAT People has the expertise re.....

Do I Charge VAT as a Sole Trader?

Whether you need to register your business for VAT is determined by the value of your business’s taxable turnover, rather than the type of business in operation.You can register for VAT through mandatory or voluntary registration. When your business’s revenue exceeds the VAT registration threshold.

Paying Back VAT When You Deregister

UK VAT-registered businesses may be required to deregister when it ceases to make taxable supplies and, furthermore, businesses can deregister voluntarily should the value of taxable supplies made fall below the deregistration threshold of £83,000.

Acting as An Agent for VAT Purposes

In the matter of All Answers Limited vs HMRC, the Appellant ran a largely online business whereby customers were able to order various essays, pieces of coursework, etc, written by third-party writers who had no direct interaction with the customers. All Answers Limited would retain two thirds of the fee paid by the customer, with the remaining third being paid to the writer.