UK VAT Threshold Question


Joined
Apr 7, 2021
Messages
1
Reaction score
0
Country
United Kingdom
Hey guys,


Within a year I will be in a position where my turnover on one of my companies should exceed the threshold of £85,000.


However, around 35-40% of my total sales come from people outside of the UK (mainly the US & Canada), so my questions are:


1) Do these international payments contribute to the £85,000 threshold, or is that a domestic threshold?

2) In the scenario that I do register for VAT, do these companies outside of the UK need to be charged VAT?



Probably quite a 'noob' question, but I just wanted to clarify!


Thanks guys
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

VAT threshold 2
VAT threshold regulations 18
VAT Threshold & Help Required 3
State pension vat threshold 1
Threshold of incapacity question 1
What is the Non-Resident VAT Threshold? 3
UK VAT Adjustment 0
UK VAT TOMs 1

Top