simple page with 3 fitness product
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Tax threshold for UK
VAT taxable turnover is the total value of everything you sell that isn’t exempt from VAT.
The current threshold is £85,000. It usually goes up on 1 April each year. There are different thresholds for buying and selling from other EU countries.
Am I eligible for tax registration?
You must register for VAT if:
- your VAT taxable turnover is more than £85,000 (the ‘threshold’) in a 12 month period
- you expect to go over the threshold in a single 30 day period
You’ll also need to register if you only sell goods or services that are exempt from VAT or ‘out of scope’ but you buy goods for more than £85,000 from EU VAT-registered suppliers to use in your business.
You may have to register for VAT if you take over a business that’s already registered.
Guideline for exporting to US