I keep meaning to post this little snippet of information and forgetting. As it’s something I wasn’t aware of until I started my small business, you might not know either – and there’s a big saving here for brides and grooms.
The UK wedding industry is fragmented, made up of lots of small businesses. There are hundreds of dedicated craftsmen and women in the wedding industry making things like jewellery, stationery and providing services: photography, wedding planning and wedding accessories.
If you’re on the lookout for affordable wedding suppliers, a good tip is to find those who are small enough not to charge VAT.
Businesses whose turnover is lower than £70,000 don’t have to charge VAT on their products and services (unless they’ve chosen to register). This is likely to be the case for sole traders, startup businesses and people providing an individual service – your wedding harpist, calligrapher or stationer.