You need to register for VAT if:
- your VAT taxable turnover exceeds the current threshold of £85,000 (for a 12-month period ending in 2020/21). The VAT taxable turnover refers to the total value of everything that you sell that isn't exempt from VAT.
- you expect your VAT taxable turnover to exceed £85,000 in the next 30-day period
- your business had a taxable turnover exceeding £85,000 over the last 12 months
You need to register for VAT within 30 days of fulfilling any of these conditions.
You need to register for VAT if:
- your VAT taxable turnover exceeds the current threshold of £85,000 (for a 12-month period ending in 2020/21). The VAT taxable turnover refers to the total value of everything that you sell that isn't exempt from VAT.
- you expect your VAT taxable turnover to exceed £85,000 in the next 30-day period
- your business had a taxable turnover exceeding £85,000 over the last 12 months
You need to register for VAT within 30 days of fulfilling any of these conditions.
Our Ultimate VAT guide walks through step by step what you need to know about registering for VAT, how to pay your VAT, your filing responsibilities and how to de-register for VAT.
- What is VAT
- When to register for VAT
- VAT rates
- Exempt/ Out of Scope VAT items
- VAT filing responsibilities
- De-registering for VAT
Our small business accounting guide walks through absolutely everything you need to know if you're considering starting a limited company. From different taxes, limited company advantages/ disadvantages, how to pay yourself, and what your key filing requirements are.
- When to register a Ltd company
- When to register for VAT
- How to take money out of your company
- Dividend tax rates
- Limited company expenses & corporation tax
- Annual accounts and deadlines
Our Ultimate VAT guide walks through step by step what you need to know about registering for VAT, how to pay your VAT, your filing responsibilities and how to de-register for VAT.
- What is VAT
- When to register for VAT
- VAT rates
- Exempt/ Out of Scope VAT items
- VAT filing responsibilities
- De-registering for VAT
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Book a free 20 minute call with an accountant to talk though starting, registering or switching your company.
- Book a time online instantly
- Registering for VAT
- Self assessment
- Sole trader vs limited company
- Dividends and personal tax
- Registering your company
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