If you’ve just started a digital business or have been growing your start-up over time and are beginning to reach an earnings threshold where you will need to register for VAT, this can be a somewhat daunting process. Small businesses, and those that are growing at a steady rate, are more susceptible to VAT compliance problems as they usually have less resources at their disposal to be able to remain compliant in the first place. Let’s have a look at VAT, when you are required to register for VAT as a digital business, what to do in foreign jurisdictions, as well as when it may be viable to de-register if need be.
Source: vatglobal.com
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