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How to effortlessly handle your small business VAT
posted on Apr 28, 2015
This April 2015, the VAT registration threshold was raised. Cue a small nationwide panic as everyone must now calculate whether they need to be registered for VAT, or find out that they’ve fallen below the line.
So you could easily be within the 36% of UK SMEs that don’t know what the new VAT limit is in the UK (don’t worry; that makes up nearly 800,000 of you.)
The UK has the highest VAT threshold in Europe – and if you’re selling anything to deliver to another country in the EU, some of the new rules on electronic goods may have affected your need to be VAT-registered recently:
Image source: OPUS energy