I am setting up a little photography business, just doing it around my fulltime job, my question is, how and when do i need to do vat, how to i pay it to the gov? how do i set up the process? do i need to tell someone im also working from home? but doesnt my council tax go crazy?any tips, advice or anything will help a LOT - im in the dark big time!thanks.(in england by the way)
      Answer1:You will not need to register for VAT unless your takings are 63k. Unless you alter your house ie: put in new doors or an extra room you do not have to inform your council. You will need to do some proper bookkeeping ie: expenses, income, and give your customers a proper receipt, then add this to your tax form in April.If you have anymore concerns contact businesslink who should be able to help.As I see it, its pretty straightforward.Good luck
      Answer2:You dont NEED to pay VAT at present. You dont NEED to tell the authorities you are running a small business.Dont fall into the trap of thinking you will register for VAT so you can claim back your petrol/film/paper VAT etc. When you are small the disadvantages far outweigh the advantages!
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