One of my clients asked me last week if they still needed to be VAT registered. Their business has changed now they no longer have an employee to help them. So I took some time this morning to calculate whether they would be better off de…
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?
From April 2019 VAT registered businesses who have a turnover over the VAT registration threshold (currently £85,000) must use accounting software to file their VAT returns. If your turnover is over £85,000 you will no longer …
It has been about 5 years since one of my clients had a visit from a VAT inspector. It always comes as a bit of a shock when they do want to arrange a visit especially as I was just about to go on holiday and they wanted the visit the week I got back…