Each country in the European Union (EU) has a specific turnover threshold, or amount of sales in a period of time, that requires VAT registration. For more information, please view the EU VAT Registration Thresholds and consult with a tax professional.
In the UK, VAT registration is required once you exceed £85,000 in taxable turnover, which consists of the total of everything sold that is not VAT exempt. For more information, please view the UK VAT Registration Threshold and consult with a tax professional.
Please consult with a tax professional to determine whether you meet the applicable requirements set forth above as GOAT Group does not provide tax advice nor does it assist sellers in determining their VAT registration status.