Charging VAT

[10 Pence Short]

I'm about to start doing some PC repairing a few days a week as a sole trader. Am I required to charge VAT on my services?

[plasticpig]

No your not required to charge VAT. You have to be VAT registered to charge VAT.

[Eric Mc]

Do you WANT to be VAT registered?

You can register for VAT at any point following commencement of trading.

However, you MUST register if your annual turnover exceeds the Registration Threshold - currently £67,000

[10 Pence Short]

Eric Mc said:

Do you WANT to be VAT registered?

You can register for VAT at any point following commencement of trading.

However, you MUST register if your annual turnover exceeds the Registration Threshold - currently £67,000

I'm not going to need much kit or incur many expenses in the course of the business, nor is my turnover going to reach that for the time being, so I'm not going to VAT register at the moment.

I suppose that answers my question!

Thanks guys.

[ginettag27]

Eric Mc said:

Do you WANT to be VAT registered?

You can register for VAT at any point following commencement of trading.

However, you MUST register if your annual turnover exceeds the Registration Threshold - currently £67,000

In any given 12 month rolling period...