Quote:
Originally Posted by mineistaken
you do not have to collect VAt untill you are VAt registered. So if you are very small company you do not collect VAT (unless you choose to). It depends on your business, sometimes its better to register, sometimes not. Depend on what you sell - goods or services and who are your customers, VAT registered or private.
|
You are correct - I had a look and you need to register if your
turnover is over 79K.....
I thought you had to charge VAT anyway to stop fraud.....