Kind of but not really completely correct. It's not for professionals in general, but for self-employed professionals. And 'only' for the work which needs speci

Kind of but not really completely correct. It's not for professionals in general, but for self-employed professionals. And 'only' for the work which needs special competency. E.g is changing gaskets as a plumber ok, but more serious work triggers VAT. But yeah, pretty lame rule, and I doubt many actually follows it. I think it's primarily meant for people doing house flipping.