sole trader and vat

[slipstream 1985]

The current threshold is £81000 then you have to pay 20%. Is it 20% of the ammount when you hit the threshold or 20% of the ammount above £81000 ie £82000 makes it vat on £1000 thats over the threshold thus £200

[insurance_jon]

Once you hit the threshold you have to register for vat. Once you register for vat you have charge it on all turnover

[slipstream 1985]

Thankyou.