Hello will speak to accountant tomorrow am
Just looking at figures for year and headed to the vat threshold right now period sept 22 - April this year and we are up at the threshold now already about 5,000 off
So the question is do we now have to pay vat on the period from September up until the threshold whenever that gets met
And do we pay our clients vat on their invoice retrospectively as in the vat bill we get from hmrc will that have the vat added onto the invoices we issued from September until then? or are they exempt and then after the threshold you then charge vat?
Very proud excited and happy right now but also not my domaine so need to talk to accountant
Thanks so much