please help! asked:
i want to set up my online business where i will be selling advertising space for businesses (classified ad) and businesses will register and pay online for there ad space (say £50) so will i need to charge vat if im only making about 10k a year for income???
*im in the uk
i want to set up my online business where i will be selling advertising space for businesses (classified ad) and businesses will register and pay online for there ad space (say £50) so will i need to charge vat if im only making about 10k a year for income???
*im in the uk
please help!!
Romeo
Tags: Business Advertising, Selling Advertising
June 23rd, 2009 |
June 25th, 2009 at 1:57 pm
VAT is based on the cost of the transaction… not the amount of your yearly income.
June 26th, 2009 at 12:45 pm
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