YES -- In UK -- I use John Salim Photography in Southend-on-Sea ESSEX --- he works from home BUT has a Professional set-up in an outbuilding and his E6 is very good, c arefully monitored and NO VAT !! www.johnsalimphotographic.co.ukMention Peter Elgar recommended you
This may surprise many. But here a business can apply for a small business statute and then will not be obliged to take-in VAT. (The same time they stay with the VAT they pay themselves, and also likely loose business clients.)
I assume there is similiar in the UK.
This may surprise many. But here a business can apply for a small business statute and then will not be obliged to take-in VAT. (The same time they stay with the VAT they pay themselves, and also likely loose business clients.)
I assume there is similiar in the UK.
To say that there is no Vat is a bit misleading. If the business turnover is below a certain amount then they are not required to register for Vat. So that means that they don't have to charge Vat and they can't reclaim Vat. Once they go over the limit that must comply with the Vat regulations. Remember that the retail price must include the vat amount (if any). So in theory a business could start out under the Vat limit but grow and go over the limit. The retail price is still the same but they are now liable to pay the Vat content of that sale.