Education and Resources
If you're running a business in the UK, you may be wondering when you need to start paying Value Added Tax (VAT).
VAT is a tax that's charged on most goods and services sold in the UK, and it's collected by businesses on behalf of HM Revenue and Customs (HMRC). In this article, we'll look at how much you need to earn before you need to start paying VAT.
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How much do I need to earn before paying VAT?
If you're running a business in the UK, you may be wondering when you need to start paying Value Added Tax (VAT).
VAT is a tax that's charged on most goods and services sold in the UK, and it's collected by businesses on behalf of HM Revenue and Customs (HMRC). In this article, we'll look at how much you need to earn before you need to start paying VAT.
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