When should I register for VAT?

What is the threshold for registering for VAT with HMRC?

In the UK, you must register for VAT (Value Added Tax) with HM Revenue and Customs (HMRC) if your business's VAT taxable turnover is more than £85,000 in a 12-month period or you expect it to go over this threshold in the next 30 days alone. 

When must register for VAT with HMRC?

You must register within 30 days of reaching this threshold.

Can I voluntarily register for VAT with HMRC?

If your taxable turnover is below the threshold, you can still choose to register voluntarily. This could be beneficial if you want to reclaim VAT on your business expenses.

What happens if I don't register for VAT with HMRC?

It's important to keep an eye on your turnover, and if you anticipate surpassing the threshold, make sure to register in a timely manner to avoid penalties.

Can AWS Accountants help me with VAT registration or prepare quarterly VAT returns for HMRC?

As well as helping with your ongoing VAT returns, AWS Accountants can help you to decide whether VAT registration is the best option for you and if so, make the necessary applications.