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
Becoming VAT registered can be a little daunting for those new to business. It means keeping your accounts records organised and and up to date and ensuring that you have VAT receipts for all the business expenses you want to claim back VAT on.…
Whether you are a new business or an established business it is always worth putting some thought into when is the right time to become VAT registered. New business owners often think that they have to become VAT registered
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?
HMRC have increased the threshold for VAT registration to £83,000 for the year 2016-17. The threshold was £82,000 for 2015-16. If your turnover will reach this threshold over a 12 month period then you must regis…
