Hi everyone. At first sorry for my horrible English.
I am about to register LTd company based in England however im not sure if i need to register it with VAT or without VAT to write so coz what conserns me rhe most is VAT threshold. I am not resident of a UK. My business bank account will be in croatia. No goods will enter or leave UK. My clients are suited in croatia paying croatia's VAT as well and they goona pay my services for advertising, branding, drawing, reparing product etc... now i have read something about VAT threshold which is 85000 gbp (someone correct me please if im wrong). Main question is am i eligible for UK VAT or i dont have to worry about it for example what happens if issue reciepts for 100 000 gbp
I found this "You must register for VAT if: your VAT taxable turnover is more than £82,000 (the 'threshold') in a 12 month period, you receive goods in the UK from the EU worth more than £82,000 or you expect to go over the threshold in a single 30 day period.
There's no threshold if neither you nor your business is based in the UK. You must register as soon as you supply any goods and services to the UK (or if you expect to in the next 30 days). You may have to register for VAT if you take over a business that's already registered."
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