Do the Export of Services sales count towards my VAT registration threshold?

Do the Export of Services Sales count towards my VAT registration threshold?

No (well, not usually), you do not need to add export services to business customers when computing your turnover for the mandatory VAT registration threshold (that is £85,000 for 2022-23). This is because the export of services is considered to be out of scope for VAT.

Most of the time you do not need to add VAT to your invoices for services to overseas business customers

Warning: if your customers are not businesses, it is likely you will need to charge UK VAT at the applicable rate.

Always ensure to speak to a tax professional when computing your taxable turnover and ensure you consider HMRC’s place of supply rules in respect of all your export sales https://www.gov.uk/guidance/vat-how-to-work-out-your-place-of-supply-of-services

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We are qualified accountants providing personal and professional services for start-ups, established companies and individuals in and around the Halsemere area in Surrey. With the rise in technology, we have embraced the digitisation of accounting using efficient digital accounting tools to offer reliable services to our customers. Our goal remains to get our clients the best accounting and taxation services at the most affordable rates.

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The provision of food and drink to an employee by their employer is a lovely thing to do. Eventually, it promotes teamwork, loyalty, a sense of belonging and even improves productivity. Taking it at face value makes it look like a simple act of kindness. However, unless it is done correctly, it can cause tax and national insurance compliance issues for the employer.

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Information provided on the site is merely guidance that may change in line with UK law and regulations. Users must not consider this to be financial advice or their sole resource when making any financial decision. Spondoo is a trading name for Accounting SQL Limited, authorised & license accounting firm under the Institute of Financial Accountants.

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