Telephone:

07525 865 814

Address:

Brunel Road
Southampton
SO15 0LR
 

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Worried about VAT?


First of all you can only charge your customers VAT if you run a VAT registered Business.  Before registering for VAT you should consider if it is necessary as you do not have to register for VAT unless your Turnover for the previous 12 months is more than £82,000



There are two types of VAT registration, Voluntary and In-Voluntary.

 

  1. Voluntary Registration

A Business (Sole Trader, Partnership, Ltd Company etc) can voluntarily register for VAT before the VAT registration threshold (£82,000)

 

  1.  In-Voluntary Registration

 If you're in business (Sole Trader, Partnership, Ltd Company etc) you must register for VAT if your Turnover for the previous 12 months is more than £82,000. If you do not register for VAT once you have exceeded the threshold you may be penalised.
 

 

If you would like us to act as your Accountant or need any help with Registering for VAT or working out your Turnover in the last 12 months then please contact us