No.I will be sourcing my components from the UK, if I have a VAT number I can buy parts Ex VAT.
If I'm under the threshold I can sell them on without charging VAT ?
You can cancel your VAT registration.a vat number is like herpes, once you have it you have it for life.
I log my account on a SS as it is so I'll hold off on setting up a separate one until I need it.the account is not compulsory will just handier for yourself to keep track of things.
Good point, I'd thought of that alrightIt does make extra work for an accountant at the end of the year Will if they have to reconcile your personal bank account with loads of transactions instead of your business one with just the relevant stuff
It does make extra work for an accountant at the end of the year Will if they have to reconcile your personal bank account with loads of transactions instead of your business one with just the relevant stuff
So if someone had a (single employee) limited company 15 years ago as a contractor, but then went PAYE, technically they could, say, buy stuff off Amazon VAT free?a vat number is like herpes, once you have it you have it for life.
So if someone had a (single employee) limited company 15 years ago as a contractor, but then went PAYE, technically they could, say, buy stuff off Amazon VAT free?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?