You’ve started a business to make a little extra cash. You don’t expect the turnover to ever come close to the VAT registration limit, but might you be required to register anyway, and if not is
there an advantage to registering voluntarily?
Published 26.10.2023
You’ve formed a company to develop a new business unconnected with your existing firm. Even if it’s viable it won’t generate income for months or even more than a year. Can you register and reclaim
the VAT on development costs?
Published 14.11.2022
You and your spouse run separate businesses, each trading below the VAT registration limit. The trouble is HMRC can argue that the businesses should be treated as one. What did a recent First-tier
Tribunal have to say about this?
Published 30.10.2019
Because of exceptional circumstances your business turnover has exceeded the VAT registration limit. You’re sure that this won’t be repeated. Must you register and wait to deregister when your
turnover falls or is there an alternative?
Published 05.09.2023
A couple of years ago you started a part-time business. It’s done better than expected and you’ve received an offer for it. The amount you’ll be paid will push you over the registration threshold, so
should you charge VAT?
Published 13.11.2018
It’s common for new businesses to incur hefty start-up costs. While you can claim a tax deduction from profits for these, tricky rules mean you might not be entitled to reclaim all the VAT. What
steps can you take to maximise the VAT recovery?
Published 30.04.2015
If you’ve applied to register a new or existing business for VAT, but you’re waiting for your registration number, when should you charge VAT to your customers and what’s the procedure for collecting
it?
Published 05.09.2013
Registering for VAT can be voluntary or compulsory. Either way it will take time for HMRC to get you in the system and issue a registration number. How should you deal with invoicing your customers
during this period?
Published 28.03.2019
Although the Chancellor announced an increase to the VAT registration limit in the Spring Budget 2024, it was relatively modest. As a service business if your turnover exceeds the new limit can you
legitimately avoid having to register?
Published 17.04.2024
One of our subscribers wanted to know at what point he was obliged to register his new business for VAT. It seems a basic question, but the answer isn’t always straightforward. What factors do you
need to consider?
Published 02.04.2013