When do I have to register for VAT?
It is important that you register for VAT if your turnover* for the past 12 months exceeds £85,000, or if you believe that your turnover for the next 30 days will exceed £85,000. If your turnover is below £85,000 you are entitled to register for VAT on a voluntary basis, provided you have a genuine business.
If you would like to discuss whether you should register for VAT with us please contact one of our VAT experts at our London office on 020 7330 0000.
*Talk to us if your turnover is not made up of fully taxable supplies.