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VAT 2021 Notes

tax, UK, VAT, guide, business, startup

If, like me, you’re worried about needing a VAT number in 2021 and are unsure of where to start, hopefully this guide will help. VAT is complicated and has a lot of documentation, and it’s extremely difficult to figure out if things are relevant to online, independent shops or not. I aim to walk through the basics of VAT and the criteria that would make you need to get a VAT number. I’ll include sources for my information, and links to where you can apply for a VAT number! I’m a recent economics graduate and a PTIN-registered tax preparer.