Should I account VAT when I am invoicing BVI company?
George
2010-02-10 07:08:02 UTC
I am self employed(UK).The amount of the invoices will not exceed 67k per year.
When I am invoicing a BVI company should I account VAT?
Four answers:
mainwoolly
2010-02-10 11:29:01 UTC
Are you asking about exporting goods to the British Virgin Islands?
Are you VAT registered?
Or are you asking if you should register for VAT?
Your question is not at all clear what you're asking.
DAVE
2010-02-10 17:24:18 UTC
you have to register for vat if you expect your turnover to reach or exceed £68K in any 12 month period ie not just a tax year. what's a BVI co?
truecockney
2010-02-11 16:14:54 UTC
You can only account for VAT if you are a VAT registered business. You can register voluntarily if you do not expect the previous 12 months turnover to exceed £68,000. Only if you expect your turnover to exceed this will you need to register.
BVI are a non-EU country so any supplies made to them would be exempt from VAT.
Jabberwocky
2010-02-10 16:17:15 UTC
What is a BVI company?
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