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> They're not paying VAT on any of these transactions. They're supposed to. Well, more accurately, if a VAT-registered company is receiving payment in Bristol
by jackgavigan 11y ago
> They're not paying VAT on any of these transactions.
They're supposed to. Well, more accurately, if a VAT-registered company is receiving payment in Bristol Pounds, they should be charging VAT (and passing it on to HMRC as the Sterling equivalent).
Don't forget that VAT is only charged by companies that are VAT-registered, and you don't have to register for VAT unless your turnover is above £82,000.