Skip to content

Brexit and the small UK wargames business

April 24, 2016

If you own or support small wargaming business in the UK, it’s worth reading this.

The Strange Worlds of Orun hi Kharsan

Whatever your views on the forthcoming EU referendum, whether you’re in favour or remaining in the EU or of leaving (Brexit), there are some quite simple repercussions of Brexit for the small UK wargames business – and it’s all to do with tax and tax collection.

There are two types of small UK wargames business: those that are not registered for value added tax (VAT), and those that are registered for VAT. As is apparent on wargames forums, the difference between a VAT-registered business and a non-registered business is not widely understood. The ones that are registered for VAT are in general larger: UK businesses must register for VAT if their annual turnover is more than £83,000. The consequence of that is that a VAT-registered wargames business must charge 20% VAT on toy soldiers for sales within the EU.

Currently, the free trade arrangement within the EU allows both types…

View original post 883 more words

Advertisements

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: