We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Possibly going over the VAT threshhold
dllive
Posts: 1,412
Forumite
Hopefully a quick/easy question to answer, and Im asking because Im erring on the side of caution because I think I know what the answer is:
For the past year Ive been trading at under the £85k threshold. However, this week I may have to invoice for work which will take me up to £87k.
Am I right in thinking this is fine because the new VAT threshold is now £90k? Or do I need to wait until May before I can go above the £85k mark?
Thanks
For the past year Ive been trading at under the £85k threshold. However, this week I may have to invoice for work which will take me up to £87k.
Am I right in thinking this is fine because the new VAT threshold is now £90k? Or do I need to wait until May before I can go above the £85k mark?
Thanks
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.9K Mortgages, Homes & Bills
- 179K Life & Family
- 263.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards