Ticker tape by TradingView
UK Ltd, a customer from UK and taxes
- Thread starter Samman Kaseeb Sleiman
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Registering for and charging VAT - are 2 different things. Aren't they?
I may register for VAT after $100 and nobody will be able to prevent me.
The question is when to begin to charge VAT, and for what types of customers. And whether something changes in case my customer is a UK resident.
I may register for VAT after $100 and nobody will be able to prevent me.
The question is when to begin to charge VAT, and for what types of customers. And whether something changes in case my customer is a UK resident.
If you register then you have to charge vat.
It's not 100% clear, as if the company is not regarded as established in the UK then there is no threshold. The definition of established in the UK is not the︀ same as tax resident or incorporated in the UK.
It's not 100% clear, as if the company is not regarded as established in the UK then there is no threshold. The definition of established in the UK is not the︀ same as tax resident or incorporated in the UK.
Where have you gotten it from?
From what I've read, registeration alone doesn't make me obligited to charge or pay it.
From what I've read, registeration alone doesn't make me obligited to charge or pay it.
If you register then you can deduct incoming VAT (that you pay to your suppliers), so of course you also need to charge VAT if you are registered. I couldn't find exactly where this is written in HMRC websites, but there are some more info here:
https://www.qualitycompanyformations.co.uk/blog/voluntary-vat-registration/
https://www.qualitycompanyformations.co.uk/blog/voluntary-vat-registration/
You charge vat on all sales to all UK customers (also companies) after you've registered for vat, as long as your product is subject to vat, and the place of supply is the UK.
You should check on place of supply of services for further details.
https://www.gov.uk/guidance/vat-how-to-work-out-your-place-of-supply-of-services
You should check on place of supply of services for further details.
https://www.gov.uk/guidance/vat-how-to-work-out-your-place-of-supply-of-services
What does it mean "place of supply"?
"as long as your product is subject to vat" -- how do I know whether it is?
"as long as your product is subject to vat" -- how do I know whether it is?
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