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Posted Thu, 03 Feb 2022 09:24:17 GMT by Santosh Abbott
Good morning, Please kindly advise if HMRC apply a luxury tax on goods. If so, what is the value threshold? Thank you and kind regards
Posted Thu, 03 Feb 2022 14:23:43 GMT by HMRC Admin 20
Hi Santosh Abbott,

I have never heard of a 'luxury tax' applied to goods.
The only tax that is applied to the sale of goods is VAT.
If a company is selling goods within the UK then they would need to register for VAT once their turnover reaches £85 k.
Please see the following link:

Who should register for VAT (VAT Notice 700/1)

Thank you.

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