What is VAT in the UK?

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#VAT #UK #SmallBiz

[smcq]

Please do the further VAT videos you mention at the end because this video is very helpful!

[boggermurden]

Nicely explained, very listenable voice. Please keep this project rolling.

[flynn]

I rarely give comments on YouTube, but seriously your videos are so helpful. I want to start an online business, but I want to learn everything before I start. It's all giving me a headache looking through all the information, but still pushing through lol thanks again for these videos, you make it more simple you're awesome!!!

[johnmcquay]

This video is certainly food for thought. I've been thinking about VAT registration recently. Being a sound engineer, I purchase a lot of kit, but am selling services. Having watched this video, it seems clear to me I've paid out a lot of money in VAT that I didn't need to.

[joyogude]

Literally amazing. I need this!!! Love this channel 👏👏👏

[hmscatman]

Nice video Andy. I wish SBT had been around a few years ago when I attempted to go self employed.

[proboxdzproboxdz]

Best explanation EVER ! You're the best !

[danoiumarius]

Hi Andy! I really appreciate your videos. They have helped me a lot. Me and my friend we have registered as self employed with confidence by watching your video "how to register as Self Employed" Now I will be very excited to know more about VAT rates and how to declare and claim VAT. Hope this video will come in the near future. Thanks very much again. Top Man💪

[indychuhan]

thank you very much that was very well explained do you have a video that shows you how do submit online please

[peymankarami]

Very clear explanation - helpful ... will keep watching more videos in your channel to learn more - well done

[wookiewookie]

I'm a masters law student and this was extremely helpful. :) late night subscriber :)

[noelmyeo]

Thanks for this! I just set up a company in the UK and I was researching whether to register for VAT.

[alishah-szrj]

CAN YOU PLEASE GUIDE US ABOUT TAX POINT & ALL OF ITS CONDITIONS AND CATEGORIES

[zahidstanikzai]

Hello Andy, I am Going to start LTD company in UK But I'm a non-resident.
I have question ( Am I going to need VAT for my online business? in which I have to export goods to The UK from Asia.)

[rubypurplenomz]

another question - if you arent required to VAT register if you are below the threshold, then cant the seller simply raise overall prices by 20% to cover the VAT paid to govt without calling the 20% "vat" and separating it on the invoice statement?

[michaelharley]

What Is this new reverse charge scheme? Can you let us know details on this

[cdorberlee]

I am selling on etsy and I want to know do I need to charge VAT on international customers or only UK?

[LostTheGaaaaaaame]

When you say you have to raise prices to be VAT registered, I can just keep the prices the same aslong as im still happy with the profit margin right?

I am setting up to do an online print on demand store and they say I will be charged VAT if im not registered, which i assume means the price i see for the supplied products will actually cost me 20% more than is listed, and then if i am registered, I wont be able to claim back VAT on those items as they say they dont charge VAT for people who are registered. They are a european company for context.

thanks for the video. This has been the hardest part of the learning process so far.

[concretecw]

Love it! Thank you, very clear and concise

[Parkhead_workshop]

Imo a business which reckons that it'll have to register for VAT in the future shouldn't think of it as a price increase for the customer

They should price their product services as if they're paying VAT from the get go - customers won't appreciate a sudden 20% rise.