I run a small consultancy business in the UK with limited turnover. I’ve heard about VAT exemptions but I’m not clear—can I apply for a VAT exemption, or does it only apply to specific types of goods and services?
Whether or not you can apply for a VAT exemption in the UK depends on your circumstances. There are several factors that HMRC will consider when assessing your eligibility, including the type of goods or services you sell, your turnover, and your business model.
Read out these blogs to learn more:
https://businessglobalizer.com/blog/a-comprehensive-guide-for-uk-vat-how-vat-works-in-the-uk/
Voluntary VAT Registration in the UK: Opportunity or Necessity
