'Law Guitars' seem to be hiding some important details.

DeeTee

horse said:

One home-based dealer near me consistently states he is vat registered, which just makes me think what a shitload of guitars he must be turning over!

I've never understood why people tout this as a mark of trustworthiness either. "I am doing the bare minimum to not get sued into penury by the tax office! Look how reliable I am!" 

Bridgehouse

loveagood69 said:

@horse It doesn't take as much as you'd think. One custom shop going out the door a week will put you close to or above the 85k mark  

Only if they are shipping brand new CS guitars. For used the VAT is only chargeable on the difference between bought and sold price. So more like 4 or 5 a week minimum. 

SteveRobinson

The requirement for VAT registration depends on turnover, not profit

loveagood69

@Bridgehouse ;The 16.6% vat margin sceme is only applicable to the profit. If the turnover is more than 85k, vat registration is a must.