E-BOOK

From First Sale to First VAT Return

Eighteen months in the life of an online shop, and every tax event that arrives along the way. Told in order, because that is the order it happens in.

  • Fourteen chapters, one month at a time
  • A real trading story with real arithmetic
  • Ends where most guides begin: VAT registration

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Who this book is for?

Anyone in their first two years of selling online, or anyone about to start and wanting to know what is coming rather than finding out.

Sellers in their first year

Every guide tells you what the rules are. This one tells you when they turn up. Month one is the trading question, month four is the thousand pound allowance, month twelve is your first stock count.

Sellers watching turnover climb

The rolling twelve-month total moves faster than monthly sales do. This shop is at £66,600 in June and over the threshold by September, and the chapter shows exactly how that happens.

Anyone who has just had a scary January

The first year’s tax bill is £288.60 and feels easy. The second is £6,017.70 once payments on account start. Chapter nine explains why, in time to put the money aside.

FACTS

What the first eighteen months actually look like

A full trading story from £900 in month one to £14,000 in month eighteen, with the profit, the tax and the cash position at each stage.

Professional accountants at a trusted accountancy company reviewing financial reports

18 months

Every tax event, in order

Professional accountants at a trusted accountancy company reviewing financial reports

14 chapters

One sitting

FACTS

Why profitable months can empty the bank

Stock is paid for before it sells and payouts arrive late. The Christmas chapter shows a record month with less money in the account than the month before it.