Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hello, I am Keith, one of the experts on Just Answer, and pleased to be ablr to help you with your question.
Firstly the UK VAT Turnover Threshold is 85K in any one year and is an aggregate of all standard, reduced rated or zero rated supplies. It is not exclusively calculated from UK turnover. Supplies within the EU are, in general, standard rated unless they fall into the reduced, zero or exempt categories. Supplies to countries outside the EU are exports, zero rated. At present you appear to be operating perfectly correctly and need not concern yourself with the palaver of accounting for VAT. Of course, in your present scenario you cannot reclaim input VAT occurred during trading.
I do hope that you have found my reply of assistance.
So, an EU rule change which will be a dead duck in a few years time! By all means register, your UK sales will not be part of the scheme and you will be thrashing about using the reverse charge scheme within the EU. My only comment is what an unnecessary palaver, just typical of HMRC's approach to VAT, make it so complex that traders will charge it and HMRC can gobble it up!
They could, but this is unlikely.
I concur with your approach. Just play the daft laddie if asked.
Of course it is all up in the air at the moment. Currently inter EU sales are standard rated and post exit will presumably be exports, zero rated.
Delighted to be of help, always remember Brer Fox, 'For he lay low and say nuffin.'
Thank you for your support.