You have to register for VAT if the annual turnover of your business will exceed £85,000. There are however many advantages to being VAT registered so we usually recommend that you register, even if your turnover will not reach this threshold.
When you sign up to The 123 Way we will review your business and offer you advice on registering for VAT. We will then register you for VAT if you are not already registered and prepare and submit your VAT returns each quarter.
This information is for general information only. We take no responsibility for any action taken or refrained from in consequence of its contents. Always seek our professional advice specific to your circumstances before acting.