VAT - How it works for the freelancer
ContractorCalculator
recently published an article "Contractors' guide to VAT" which is a
great guide to VAT if you are running your own business as a
Professional Contractor or Freelancer. If you are VAT registered its a
great quick read on VAT and gives you all the basic details.
For further details on VAT you can also use our "Guide to running a Microbusiness" which is available for download from our Business Library - Tools and Documents for registered users ( registration is free ).
In the guide sections 5.13 to 5.15 cover VAT in depth over a total of 27 pages.
VAT is an important topic for Professional Contractors and
Freelancers as it is one way that a Limited Company business owner
really gains over anyone using an Umbrella Service who will never see
the benefits of being VAT registered.