freenlancing and VAT
freenlancing and VAT
Out of context: Reply #6
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- republik80
You can only charge and claim back VAT on purchases if you are registered for VAT.
It's simple enough to register for VAT, but bear in mind it will add a further 17.5% to your prices which may not be attractive to some of your customers who cannot claim it back.
HM Customs & Excise who adminster VAT in the UK recommend business turning over £54,000 a year (approx) register for VAT, though businesses under the threshold are welcome to register.
Good advice here:
http://www.businesslink.gov.uk/b…