VAT Registration
You may need to register for VAT, or you may be able to choose to register voluntarily, if you are carrying out any of the following kinds of business in the UK:
- Supplying goods or services within the UK. If your turnover of VAT taxable goods and services supplied within the UK for the previous 12 months is more than the current registration threshold of £73,000, or you expect it to go over that figure in the next 30 days alone, you must register for VAT. However, if your turnover has gone over the registration threshold temporarily then you may be able to apply for exception from registration.
- Taking over a VAT-registered business from someone else. You have to add your own VAT taxable turnover over the last 12 months (if any) to that of the business you’re taking over. If the total goes over the registration threshold on the day of the takeover (currently £73,000), you’ll have to register. However, if your turnover has gone over the registration threshold temporarily then you may be able to apply for exception from registration see the section later in this guide for more information.
- Receiving goods from other countries in the European Union (EU).If you have received goods from other EU countries in the UK (these are known as acquisitions) with a total value greater than £73,000 in the current year since 1 January, or you expect to acquire more than that value in the next 30 days alone, you must register for VAT.
- Supplying goods or services from the UK to other countries.
- Supplying goods or services to the UK from other countries.
We are able to complete the VAT registration process for you and provide all necessary guidance that you may require to ensure that you comply with UK VAT legislation. We also able to offer ongoing book-keeping and VAT services to ensure your returns are completed correct and on time.
Contact us for a free no obligation review of your requirements.
