If you’re a business owner, it’s important to understand What changes when you. In this video, we look at what happens when you become VAT registered, and how it changes you and your business.
So, What changes when you become VAT registered?
- Firstly, your mindset changes- you’re now a business owner who is also an unpaid tax collector
- Secondly, the prices on your products and services will change to reflect the added VAT
- Thirdly, your profitability may dip slightly because of registering for VAT.
- Finally, your processes will change
Watch to find out more
Change to VAT registration
Making the switch to VAT registration can be confusing. In this video, we break down what changes when you become VAT registered and how it impacts your business.
If you’re self-employed, or run a small business, there’s a good chance you’ll need to register for Value-Added Tax (VAT). But what does that mean for your day-to-day? How does VAT work, and what do you need to do to start collecting it? In this vlog I’ll answer those questions and more.
So, watch to find out more about find out What changes when you become VAT registered
Did you know that when you become VAT registered, your business changes in a lot of ways? There are new rules and regulations to follow, and your accounting process will change.
Making the switch to VAT registration can be confusing. In this video, we break down what changes when you become VAT registered and how it impacts your business.
If you’ve made the switch, this video will give you a clear understanding of what to expect.
Conclusion
If you’ve become VAT registered, this video will give you a clear understanding of What changes when you become VAT registered
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