VAT THRESHOLD

Good day, @Leigh20.

Thanks for sharing your concerns in the QuickBooks Community page.

According to HMRC, sole traders won't need to register for VAT if the money they receive via SEISS pushes their turnover above the VAT threshold (currently £85,000 a year). SEISS isn't part of your taxable turnover for VAT purposes.

To ensure everything goes well, I'd recommend reaching out to your accountant. This way, they can further discuss how and when you should report a SEISS grant on your tax return. 

For additional info, you can check out these articles:

• Find out how to report SEISS grants
• Check if you can claim a grant through the Self-Employment Income Support Scheme

Should you have any follow-up questions or concerns, don't hesitate to post again here in the Community or leave a comment on this thread. Take care and have a good one.

That’s great Thank you. 

Thanks for the update, @Leigh20.

We're glad to provide insights to get you going. If you have any other questions or concerns about VAT, don’t hesitate to leave a comment below. It'll be our pleasure to help.

Stay safe and have a good day.