Couple of questions re VAT threshold

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Afternoon folks.  Non-accountant here, hopefully I'm still ok to ask a couple questions regarding the above.

If my sales over the rolling 12 month period are, for example, £85k, but in the same period I processed refunds to the value of £5k, do I need to register for VAT?

Also, are my sales to outwith the UK ( Europe only ) counted in the VATable figure?

Apologies for the very basic points, just after some clarification is someone could oblige as unwittingly teetering on the edge...

Best, Dave.

Replies (3)

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By Duggimon
30th Mar 2017 15:52

Exclude foreign sales and deduct refunds from your turnover.

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Replying to Duggimon:
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By Wanderer
30th Mar 2017 16:09

Duggimon wrote:

Exclude foreign sales ....

Really?
If i guessed then I would have though there was a good chance that they were standard rated or zero rated & would have included them.?
Learn something new every day.
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Replying to Wanderer:
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By Dave Shapiro
30th Mar 2017 16:09

Wanderer wrote:

Duggimon wrote:

Exclude foreign sales ....

Really?
If i guessed then I would have though there was a good chance that they were standard rated (B2C)?
Learn something new every day.

Yes should have said, B2C... still decuct, or not?

Dave

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