Showing posts with label non established taxable persons. Show all posts
Showing posts with label non established taxable persons. Show all posts

Tuesday, October 30, 2012

New VAT rules for non UK established businesses

HMRC have made changes to VAT notice 700/1 'Should I be registered for VAT?' They have added guidance on registering for VAT online and have also set out new rules for businesses not established in the UK.

From 1st December 2012 the VAT registration threshold will be removed for businesses with no UK establishment. Currently these businesses do not need to register for UK VAT where their UK sales are below the VAT registration threshold (currently £77,000). After 1st December 2012 the threshold will be removed for these businesses, so if they make any sales liable to VAT in the UK then they will be required to register.