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Do I have to pay VAT as a sole trader?

Lucas Wilson | 2023-05-07 14:52:23 | page views：1406
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Amelia Patel

Studied at the University of Cambridge, Lives in Cambridge, UK.
Some sole traders must be VAT-registered. If your turnover exceeds the VAT threshold (currently --85,000 a year), you will need to register for VAT. When you're VAT registered, you charge your customers VAT on VAT-able goods and pay it to HMRC. In turn, you can reclaim the VAT you pay on goods and services you buy.
2023-05-13 14:52:23
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Isabella Sanchez

QuesHub.com delivers expert answers and knowledge to you.
Some sole traders must be VAT-registered. If your turnover exceeds the VAT threshold (currently --85,000 a year), you will need to register for VAT. When you're VAT registered, you charge your customers VAT on VAT-able goods and pay it to HMRC. In turn, you can reclaim the VAT you pay on goods and services you buy.
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