vstyles

Hi, if I’m not registered for VAT and I buy general rule services from other UK businesses who are also not VAT registered, does the value of these purchases count towards my taxable turnover in terms of the registration threshold? Or would this only be the case if I’m buying from overseas businesses who aren’t charging UK VAT?

I assume that the cost of processing the refund (PayPal fees) would also need to be moved back to the relevant tax year? Or would that come off this year’s turnover?

Hi, I completed and filed my 2023-24 tax return yesterday and I don’t owe any tax. If my balance doesn’t update before midnight tomorrow cancelling off the payment on account it says I owe, can I just not pay it (because I already know I don’t owe it) or will I be charged a penalty for not making a payment on account I would be refunded anyway?

Hi, if I refund an invoice that was paid by a customer in the previous tax year, does the refunded amount come off my turnover for the current tax year?