VAT

You must register for VAT with HM Revenue and Customs (HMRC) if your business’ VAT taxable turnover is more than £83,000.

When you register, you’ll be sent a VAT registration certificate. This confirms:

  • your VAT number

  • when to submit your first VAT Return and payment

  • your ‘effective date of registration’ - this is the date you went over the threshold, or the date you asked to register if it was voluntary

You can register voluntarily if your turnover is less than £83,000, unless everything you sell is exempt. You’ll have certain responsibilities if you register for VAT.

You can register voluntarily if your turnover is less than £83,000, unless everything you sell is exempt. You’ll have certain responsibilities if you register for VAT.

#VAT #HMRC

Featured Posts
Recent Posts
Archive
Search By Tags
No tags yet.
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Social Icon