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VAT

  1. #1
    Full Member garystarling's Avatar
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    January 18th, 2005
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    The revenue from my site (we sell annual subscriptions to access our content) is fast approaching the dreaded VAT barrier. Has anyone any advice or knowledge on this?

    'I am not young enough to know everything.'
    - Oscar Wilde

  2. #2
    ABW Ambassador
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    January 18th, 2005
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    The only issue that I can think of is if you sell outside of the UK. I am not sure if you need to charge the VAT.

    If you sell physical goods, then you dont charge VAT, as the importer does that, *but if I remember correctly*, you do charge VAT on services.

    It depend whether your "annual subscription" is a "service" or not.

    I would check with your accountant. I *always* check with my accountant, thats what they get paid for or clarify with the VAT office, these guys are quite helpful (at times)

    It might also be worthwhile looking into what you name your service as it could make a big difference.

    FYI, I'm no ex-spurt, I just had to touch on this in a previous life

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  3. #3
    Full Member garystarling's Avatar
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    January 18th, 2005
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    I have already asked an accountant, he is doing research, which is part of my problem - no one seems to have any clear idea of what services are vatable and to whom. The customs and excise seem to be acting on a case by case basis. The trouble, which is a major advantage of the web is that you can sell to anyone any where, taxation legislation can't cope with that.

    'I am not young enough to know everything.'
    - Oscar Wilde

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