What if my UK turnover exceeds the VAT registration threshold?
It is important that you monitor your UK taxable turnover. If you exceed the VAT registration threshold (currently £81,000), you will need to start accounting for VAT on UK sales.
That's all well and good, but what if my client's UK taxable turnover drops back below £81,000 (or £79,000)? Can they simply stop charging UK VAT? Do they deregister and then re-register under the VAT MOSS "Digital Services (below UK VAT threshold)" business activity?
My answers
Weekend and evening support from HMRC
How realistic is weekend and evening support from HMRC, given the cuts in staff/budgets? They barely provide support during office hours as it is.
Deregistration?
From the Brief 46:
What if my UK turnover exceeds the VAT registration threshold?
It is important that you monitor your UK taxable turnover. If you exceed the VAT registration threshold (currently £81,000), you will need to start accounting for VAT on UK sales.
That's all well and good, but what if my client's UK taxable turnover drops back below £81,000 (or £79,000)? Can they simply stop charging UK VAT? Do they deregister and then re-register under the VAT MOSS "Digital Services (below UK VAT threshold)" business activity?
Half-baked tweaking?