Knowledge Centre

Welcome to the knowledge centre - where complex tax & accountancy law is turned into easy to read information.

VAT

You have to register for VAT if your turnover exceeds £90,000 in a 12 month running period. There are however many advantages to being VAT registered so we often 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. If registering is right for you, we will register you for VAT and prepare and submit your VAT returns each quarter.

Disclaimer:

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.