All growing businesses will become VAT registered. It is not daunting. You just need to become organised with your record keeping and remember your VAT return deadlines. So what should you know about becoming VAT registered?
From April 2019 VAT registered businesses who have a turnover over the VAT registration threshold (currently £85,000) must use accounting software to file their VAT returns. If your turnover is over £85,000 you will no longer …
It has been about 5 years since one of my clients had a visit from a VAT inspector. It always comes as a bit of a shock when they do want to arrange a visit especially as I was just about to go on holiday and they wanted the visit the week I got back…
Did you know you can choose which VAT Scheme you use to report VAT?
There are several to choose from and it is worth considering which one is best for your business and for your cash flow.
The VAT registration threshold will remain at £85,000 for the next two years until April 2020. Businesses with sales of £85,000 in a 12 month period must become VAT registered unless their sales are exempt from VAT.
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