How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Rakhi Vasavada Your Own Question
Rakhi Vasavada
Rakhi Vasavada, Financial Advisor
Category: Finance
Satisfied Customers: 4549
Experience:  Attorney and Financial Expert. Have specialization in Financial Laws.Practice experience of over 13 years
Type Your Finance Question Here...
Rakhi Vasavada is online now

We are a VAT registered company (voluntary as our turnover

This answer was rated:

We are a VAT registered company (voluntary as our turnover isn't very large just yet) Question is - Do we have to charge VAT on every single invoice? Part of the work we provide is services to the education sector and we have been told that "education
work is VAT free". Is this correct? - are there other scenarios where we wouldn't have to charge VAT - or is this guy completely wrong and we have to charge VAT on everything if we are VAT registered??
Dear Friend, Hello and welcome. Thank you for providing an opportunity to assist you. To begin with, If you’re registered, you have to charge VAT when you make taxable supplies.. In other words, if the service / supplies are exempt from VAT, you will NOT charge VAT even if you are registered. Further to this, vide VAT Notice 701/30, Education and related activities are "Exempt" from VAT. So, you will NOT charge VAT while supplying services to them. The following are some of the very informative resources. I am sure this would help. You may please leave a positive rating if this helps as this is the only way we are compensated for assisting you. Alternatively, you may revert back with a reply if you need further assistance or if I have missed out on any aspect of your question. Warm Regards,
Rakhi Vasavada and other Finance Specialists are ready to help you