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Most countries offer low turnover businesses the option of opting out of VAT (i.e., they don't charge VAT on products and they can't claim it back on supplies),
by chalst 15y ago
Most countries offer low turnover businesses the option of opting out of VAT (i.e., they don't charge VAT on products and they can't claim it back on supplies), which means that, as small, labour-intensive businesses, most freelancers opt out of VAT.
- urbanjunkie 15y agoMost freelancers I know have registered for VAT, even if they don't have to. In the UK, you have to register if your turnover is more than £73,000, and the benefits for registering even if you're under that threshold are compelling (except if you almost exclusively provide services to non-registered entities)
- chalst 15y agoOK, then this is fair enough. My experience here in Germany is different.