Hi,
I am in the process of registering as a sole trade. My very small business is a curtain/blind make-up service. I don’t intend to turnover or earn anything close to the vat threshold, at least not in the first year or two anyway, so I won’t be registering for Vat initially. My question though is whether I will still be able to open trade accounts with local suppliers of curtain linings, blind components, etc without a vat number? I wasn’t foreseeing an issue as I expect to pay vat- and am fully aware that I can’t claim it back- but I’m a bit concerned now that this won’t be the case, and it will be imperative to my business. Any help would be greatly appreciated. Thank you.
I am in the process of registering as a sole trade. My very small business is a curtain/blind make-up service. I don’t intend to turnover or earn anything close to the vat threshold, at least not in the first year or two anyway, so I won’t be registering for Vat initially. My question though is whether I will still be able to open trade accounts with local suppliers of curtain linings, blind components, etc without a vat number? I wasn’t foreseeing an issue as I expect to pay vat- and am fully aware that I can’t claim it back- but I’m a bit concerned now that this won’t be the case, and it will be imperative to my business. Any help would be greatly appreciated. Thank you.