Becoming VAT Registered
BusinessAnyone in business, whether sole trader, partner or limited company, must register for VAT when their taxable turnover reaches
Anyone in business, whether sole trader, partner or limited company, must register for VAT when their taxable turnover reaches
As an employer you are responsible for ensuring your employees are paid at least the National Minimum Wage. The rates of pay have increased from 6 April 2024 and are shown below.
As a VAT registered business you must provide a valid VAT invoice to your customer (or a till receipt with your VAT number).
As soon as you become VAT registered you need to find out when your first VAT return is due and the period which it covers.
If you are thinking of giving your employees a Christmas gift, a bonus or taking them out to lunch be aware of what you can do without it becoming a taxable benefit for your employee or a more costly gesture for yourself
