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.
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Really?Exclude foreign sales ....
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.?
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