Online trading compulsory VAT registration from Jan 1st 2016

[Wood wasp]

Obviously an opinion piece from the torygraph but I haven't seen anything about this:

 

How the EU is throttling online business with idiotic VAT reform - Telegraph

[Ian C]

Don't se the problem to be honest, I wish the government would make it so all businesses had to be vat reg like in sweeden, this would put all business on a level footing and would have the added benefit of showing domestic customers that non vat reg traders wernt legit aka caravan trades men

[Hodge]

Don't se the problem to be honest, I wish the government would make it so all businesses had to be vat reg like in sweeden, this would put all business on a level footing and would have the added benefit of showing domestic customers that non vat reg traders wernt legit aka caravan trades men

 

 

Here, Here, I agree totally!

[Wood wasp]

Fair point but VAT registration is fairly onerous for a new start business. I just don't like bureaucracy!

 

Edit - I should say I am vat reg'd

Edited December 16, 2014 by Wood wasp

[Ian C]

Not really, yes it would make life a bit harder but that's life, people would son get used too it a bit like the pre 97 driving licence.

[Big J]

Not really, yes it would make life a bit harder but that's life, people would son get used too it a bit like the pre 97 driving licence.

 

You don't think perhaps that it's a growing area of business and the government simply wants a bit more of the taxation pie?

[TimberCutterDartmoor]

Being vat reg'd makes life easier not harder! IMO

[Ian C]

Being vat reg'd makes life easier not harder! IMO

 

Yep sure does.

[Hodge]

Being vat reg'd makes life easier not harder! IMO

 

 

I really hope you are right;)

[Paul Jenks]

Just make sure the money you collect for Messrs HMRC sits in a separate account so when the time comes around each quarter, it's there to be paid out. Put it in a high earning account and make a bit.

Start using VAT as your working capital and you're likely to run into cashflow issues.

VAT collection is just another business process. When you start up it's less so it's less of a burden. As you grow it gets to be a bigger beast.

 

Of course the Government wants to be able to tax any form of business, online or high street.

 

If we want the country to keep running, (and here I refuse to get into the in and outs of national spending projections/statistics/bloated bureaucracy), getting a higher tax take combined with cutting the structural deficit is inevitable.