Do I need to register for VAT?
Discussion
Hi all,
Ive been approached by a Dutch company who want to Import my products. They are advising me that they can only do so if I am VAT registered as they can then claim their VAT back if they have a VAT number.
The problem is I dont have a VAT number because I have yet to reached the threshold in turnover that requires me to register. Is there any way past this road block?
Ive been approached by a Dutch company who want to Import my products. They are advising me that they can only do so if I am VAT registered as they can then claim their VAT back if they have a VAT number.
The problem is I dont have a VAT number because I have yet to reached the threshold in turnover that requires me to register. Is there any way past this road block?
What VAT is the Dutch company planning on claiming?
If you were VAT registered in the UK, you would be able to Zero rate the sales you make to your Dutch customer. As they receive a Zero rated Sales invoice from you, they will not be charged any VAT in the first place so there is nothing for them to claim back,
If you remain non-VAT registered in the UK, you won't be charging VAT anyway.
If you were VAT registered in the UK, you would be able to Zero rate the sales you make to your Dutch customer. As they receive a Zero rated Sales invoice from you, they will not be charged any VAT in the first place so there is nothing for them to claim back,
If you remain non-VAT registered in the UK, you won't be charging VAT anyway.
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