VAT registration and profit margins

Sell On Amazon Global Selling
1

Evening all. After a little advice please.

I’m a VAT registered Amazon seller, however, ever since being VAT registered I have struggled, and have floated around the £110k 12 month turnover without being able to progress.

I am now seriously thinking about dropping my annual turnover and becoming a non VAT registered seller, as you then get slightly more margin.

For any non VAT registered sellers out there, how much are you actually making in profit for a year? Eg the margin on £84k? Thanks

2

Surely that’s going to depend on your products and your margins? It’ll be different for every category.

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3

The FSB (Federation of Small Business) want a higher threshold and are lobbying for it to be set at £100,000.

Might be worth waiting to see what happens

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4

Thank you both