Personal Trainers and VAT
July 15, 2008 by admin
Filed under Personal Training Business
So you’re doing really well and making loads of money! Great! but do you need to pay VAT and are there any benefits in you actually being VAT registered?
The simple answer is that if your business turnover is over £67,000 (correct as at time of publishing) a year then you will need to be VAT registered and pay VAT.
You will have to be an extremely busy Personal Trainer to reach this level of income, but it is achieveable. Lets have a quick look at an example. Lets take the £67,000 VAT threshold divide that by 52 weeks in a year = £1289 worth of business weekly, Say you charge £35 per session, you’d need to be doing 37 sessions per week to need to consider becoming VAT registered. So for most personal trainers, you wont ever need to consider VAT.
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