tax question

[killaclown]

Hi,

if i was tell sell a domain through sedo to another company would i need to charge vat?

also i dont own a company how do a give them a vat number?

cheers

 

[bb99]

You can only charge VAT if you are VAT registered.

Your post above suggests you're not - so the answer is "no"!

 

[Mendis]

you can't charge vat:twisted: or give a vat reciept or a vat number unless you are vat registered as a business.

This just means that the buyer can't claim vat back on the purchase.

You must become VAT registered if you turn-over over a certain amount of thousands per year (150,000?). The VAT:twisted: man would then give you a vat:twisted: number to put on your invoices.

And thats that.

 

[killaclown]

thanks thats great,

so basicly i dont need to worry about it?

 

[paul]

You must become VAT registered if you turn-over over a certain amount of thousands per year (150,000?).

Compulsory VAT registration = £60,000 turnover a year

You can opt for Voluntary VAT registration on any turnover though, only worth it if all your customers are VAT registered themselves.




Paul




Local Shops Adult DVDs HPI Check Domains

 

[olebean]

Adding to pauls comments

and if you are selling net of vat and not inclusive