UK Established business for VAT purposes

Hello, We are a UK-based Incorporation with a foreign director registered with a physical business address in the UK. Our business has a permanent physical presence with the human and technical resources to make or receive taxable supplies in the UK. How does HMRC treat such business in their books? UK Established business or NETP? Please note that we are selling on online marketplaces and are not VAT registered yet because of the threshold limit of 85000 for the last 12 months.

Hi.
If you are a business incorporated in the UK and you have a business establishment in the UK then you would belong in the UK for VAT purposes and you would not be a NETP.
Please see the guidance below:
Non-established-taxable-persons (NETPs) — basic information