Many UK businesses supply a mix of taxable and exempt goods or services. This falls under partial exemption rules. You must register for VAT if your taxable turnover exceeds £90,000 in a rolling 12-month period, or you expect to exceed this threshold within 30 days. This assessment is done excluding the exempt turnover Important notes: […]
Some supplies of goods or services are exempt from VAT, meaning you do not charge VAT on them and they do not count towards the VAT registration threshold. Common exempt services include: Key takeaway:If your business only supplies exempt items, you normally do not need to register for VAT because you’re not making taxable supplies […]