In this episode of The Life of KG, Katie Godfrey talks about one of the most requested (and most avoided!) topics for business owners, VAT and tax.
If you’re a salon owner, aesthetic clinic, lash tech, brow artist, nail tech, hairdresser or training academy owner in the UK, this episode is a must-listen, especially if you’re approaching the VAT threshold or already VAT registered.
As your business grows, your tax responsibilities grow too. And while it can feel overwhelming, VAT registration is often a sign that your business is scaling successfully.
Katie shares:
· What happens when you hit the VAT threshold in the UK
· How VAT registration works with HM Revenue & Customs (HMRC)
· The impact VAT has on your pricing and profit
· Common mistakes beauty business owners make with tax
· Why paying more tax usually means you’re making more money
· The mindset shift required when stepping into CEO mode
· Why moving abroad (including to Dubai) doesn’t eliminate financial responsibility
This is an honest, straight-talking episode designed to remove fear around VAT and help you feel more confident managing the financial side of your business.
If you’ve ever Googled:
· “VAT for salon owners UK”
· “When do I register for VAT UK?”
· “How does VAT work for service businesses?”
· “Why is my tax bill so high?”
This episode breaks it down in simple terms, without jargon, without panic, and with real-life experience from someone who’s navigated it herself.
Remember: growth comes with new levels of responsibility. Understanding your numbers is part of becoming the CEO your business needs.
If you enjoyed this episode, please subscribe, leave a review, and share it with another beauty business owner who needs to hear it.
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