Despite their unincorporated status, sole traders are business owners, and that means a sole trader can be tax registered. However, that doesn’t mean they have to be. Read on to find out more about whether you should be VAT registered as a sole trader. 1. Do Sole Traders Pay VAT? As a sole trader, whether … Read more
Going VAT registered is a major milestone for your business but it does bring with it more responsibilities. Here are some of the things you need to think about as you take this major step so you can get set up correctly, stay on the right side of HMRC and make the admin side of things easier to handle.