Quote:
Originally Posted by kanala
Why is it that when i order goods from a China dropshipper, not once have I or my customers had to pay import tax or anything?
If I start my own business, and my turn over is less than £61000 a year, do I still have to register for VAT?
|
If the goods are below 30 quid then I believe they won't be hit for VAT etc.
No you don't have to register for VAT if you're below the threshold you just mentioned. But you can register for flat rate VAT. I'm not even going to try and explain flat rate VAT but you can find out about from the HMRC website. Registering for flat rate VAT can be advantageous for business that don't turn over a lot but want to deal with other VAT registered businesses...I think???