officepres
Registered User
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We were just under the 37500 vat threshold in 2016. For 2017 we don't know whether we'll be under again. If we register/charge and pay vat to the revenue throughout the year then what happens at the EOY if we turn out to be under the threshold - does the vat come back to us and do we have to pay it back vat to customers
Or if we don't register/charge/pay vat through the year but then at EOY turn out to be over the threshold by a small ammount - then would we be liable for vat on the full 37,500 threshold
Or if we don't register/charge/pay vat through the year but then at EOY turn out to be over the threshold by a small ammount - then would we be liable for vat on the full 37,500 threshold