VAT on bookkeeping services under £79k

Nick27912
Nick27912 Registered Posts: 2 New contributor 🐸
Hi all,

I'm hoping someone can help me with this?

As well as doing my AAT studies, I'm starting up as a self employed sole trader providing bookkeeping services to local businesses. Now it will only be a few hours in evenings and at weekends, and I'm not charging a great deal so my turnover is not going to be anywhere near the £79k threshold for VAT. Also, I'm not going to registering voluntarily as I cant see it making any sense to do so, certainly not financially.

Question is, do I still need to charge VAT? I know it is chargeable on accounting / bookkeeping usually, but is this only if the service provider is VAT registered?

Thanks,

Nick

Comments

  • mini_schnauzer
    mini_schnauzer Registered Posts: 347 Dedicated contributor 🦉
    Why would you charge VAT if you are not VAT registered?
    If the service provider is VAT registered then yes they would charge VAT.
    Are you ready to provide a bookkeeping service for local businesses?
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