Simmo
I’m assuming that VAT is just like our GST (Good and Services Tax) as I’m sure New Zealand was inspired by the UK initiative.
But while everything you say is true – we can also claim back any GST paid on goods and services while running the business – which is many thousand $$$ a year.
Surely it’s the same with VAT – and well worth getting it sorted out?
After all you do intend to grow past 50K pa right ?
OF course the BEST answer is ….. probably not to trust international affiliates but nip down to your local book supplies and buy a “UK tax book for dummies” … or spend 15 minutes talking to your accountant to understand the basics.
:notify:
For us – our GST return is a refund EVERY six months – as we spend far more locally than we invoice locally – and it’s money in the bank !!
:bigsmile: