Non-Established Taxable Person – And Why It Changes Everything
NETP stands for Non-Established Taxable Person – it’s the legal classification HMRC uses for business owners who aren’t based in the UK but are making taxable supplies here. If you own a UK LTD and live in Pakistan, you’re almost certainly classified as an NETP.
- Different VAT registration threshold than UK residents
- Separate application process via HMRC Overseas Team
- Different rules on place of supply
- Requires UK correspondence address for registration
- May require authorised agent representation
- Affects which VAT scheme you qualify for