I run a business in Spain and a friend of mine opened an Ltd to collaborate along the year. He will start invoincing to my spanish company for marketing and website services. If he doesn’t reach this first year the famous VAT registration threshold of £85,000, he will not be obligated to register for VAT in Uk.
But if for example he invoices my spanish company from his UK ltd without VAT (because that LTD will be below the VAT registration threshold of £85,000, will be any tax to pay to Hrmc if the total of the year is, for example, £60.000? Were are both not clear about that.
And the other thing is that is a good scheme to work each other
This topic was modified 2 months, 1 week ago by Adventurer.