Our customers are often confused about whether or not they need to register for VAT, so here’s the basic rule.
You must register if:
- your total VAT taxable turnover for the last 12 months was over £85,000 (the VAT threshold)
- you expect your turnover to go over £85,000 in the next 30 days
To talk to us about VAT and your business, or any other bookkeeping matter, please get in touch today.