If your business is not already VAT registered you need be aware of the current VAT registration threshold (£73,000), to check when your turnover is approaching that limit. However, if you buy business services from abroad, you need to understand the VAT rules for cross-border services. Essentially your UK business must treat the cost of the internationally-supplied service as if you both purchased and sold that service. The cost of the service is added to your turnover for VAT registration purposes, which may mean you have to register for VAT in the UK.

CLICK HERE FOR  - Cross-border services: VAT 741A

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