VAT – What you need to know
VAT threshold – What is the VAT threshold?
This article will explain:
- How much you can sell before you need to register for VAT.
- When you need to register for VAT
- What happens if you don’t register for VAT at the right time
What is the VAT margin scheme?
- What is the margin scheme?
- What rate of VAT is charged on the margin scheme?
- How to account for VAT
- What is the benefit of the scheme?