Should I register for VAT? (Business Opportunities - Home Business)

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Item ID 8388592 in Category: Business Opportunities - Home Business

Should I register for VAT?

Should I register for VAT?
The importance of registering for VAT
During any 12 months, if your income exceeds the VAT threshold, you are legally obliged to register for VAT. Voluntary registration gives you a couple of benefits such as you can claim back the VAT on your purchases. Then also to impress your clients that you are a large company earning more than vat threshold. At the same time, there is a couple of downside in registering for VAT. You need to add vat to your products or services, but of course, you can claim the VATback. The issue here is if the vat on sales is more the vat on purchases then you have to pay the difference to the tax office. Another point is more paperwork for you.
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Target Nation: All Nations
Target City : London
Last Update : 26 February 2019
Number of Views: 46
Item  Owner  : Vathani Ariyam
Contact Email:
Contact Phone: 07415003212

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