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
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
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
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
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
You’ve set up a company to run a new business venture. It’s risky and may come to nothing. In the meantime the company is incurring significant costs. Can you recover the VAT, and if so when?
Published 22.01.2019
The VAT registration limit was lifted to £77,000 in the Budget You don’t have to wait until your turnover reaches this limit to sign up - did you know you can even register before you start trading?
What’s the advantage in this?
Published 19.04.2012
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
Most businesses take for granted that they can register with HMRC and then reclaim any VAT they pay on purchases. But if your business only makes sales outside the UK that aren’t subject to VAT, are
you allowed to register in the first place?
Published 03.12.2009