Becoming VAT registered is a big step when you run your own business. Help your business stay compliant, and learn more about how and when to complete your VAT registration, and what this means for pricing and tax efficiency.
Registering for VAT is a fairly straightforward process, and there aren’t any registration fees or charges to worry about. We’ll go over who needs to become VAT registered, and how to sign up. When does a business need to register for VAT? Not all businesses need to register for VAT. An odd way to…
Knowing whether you need to register for VAT, and how it all works, can be daunting. One of the first things to trip up lots of people is that registering for VAT is based on your business’s turnover, not on what type of business it is. So, whether you’re an individual sole trader, a limited…
Your unique VAT number is shown on the registration certificate which HMRC issue when your business becomes VAT registered. You can also view it by signing into your online tax account (or asking your accountant). What does my VAT reference number look like? If you have a UK VAT number it will be 9 digits…
VAT rules in the UK require a business to become VAT registered if its taxable turnover hits the £90,000 threshold in any rolling 12-month period, but you don’t have to wait until then. Some businesses prefer to register for VAT even though they don’t need to. Is this the right decision for you? Well, that…
