I run a website, by which we develope website extensions. Last year, I thought I'd release a commercial extension simply to contribute towards the hosting and domain expenses.
Before doing so, I registered as a Sole Trader.
According to the GOV.UK website, You must register for VAT if your business turnover is over £82,000.
Now seeing as my site only turns over a couple of hundred pounds every few months, am I still required to notify HMRC of my revenue and pay VAT on it?
I only ask as I received a letter from HMRC saying I was required to pay £75.