Have Tax Questions? Ask a Tax Expert for Answers ASAP
Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.
No problem, educational services are outside the scope of VAT so you can forget all about it.
You will be lucky to open an UK bank account and deal in Euros, it will cost you a small fortune in bank and exchange charges. If you operate in a limited company envelope your accounting year will end on 31 December 2021.
You have the tax position correct as at present.
At the end of each accounting year you would have to declare your income and expenses.