Hi there,
I have a quick question please about vat registration threshold and what is counted towards turnover.
I sell on a platform called etsy. Its like the ebay of crafts. The way their payment system works is they deduct all their fees, and advertising you spent before dpositing funds to my account. So for example you make 3k worth of sales, but 1 k or this is advertising and fees. 2k goes into you bank account. What is counted here towrads VAT turnover threshold?
thanks
E
I have a quick question please about vat registration threshold and what is counted towards turnover.
I sell on a platform called etsy. Its like the ebay of crafts. The way their payment system works is they deduct all their fees, and advertising you spent before dpositing funds to my account. So for example you make 3k worth of sales, but 1 k or this is advertising and fees. 2k goes into you bank account. What is counted here towrads VAT turnover threshold?
thanks
E