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This is only an exemption from VAT. This means you also loose the ability to claim back VAT. If you engage in b2b it is a net loss
by ExpertAdvisor01 1y ago
This is only an exemption from VAT.
This means you also loose the ability to claim back VAT.
If you engage in b2b it is a net loss
- tcfhgj 1y agothere is more than just exemptions from VAT
- ExpertAdvisor01 1y agoOkay then list it
- tcfhgj 1y agoTrade tax is another example
- ExpertAdvisor01 1y agoYou are not exempt from trade tax. If you make more than 25k you have to pay it like anyone else.
- tcfhgj 1y agothanks for confirming small businesses are exempt from trade tax and VAT
- ExpertAdvisor01 1y agoHow are they exempt ? Thresholds != exemption
- tcfhgj 1y agothresholds are inherently in play when you want to restrict exemptions to small businesses