VAT - 26.10.2023
How soon should you register for VAT?
You’ve started a business to make a little extra cash. You don’t expect the turnover to ever come close to the VAT registration limit, but might you be required to register anyway, and if not is there an advantage to registering voluntarily?
VAT - 05.09.2023
Can you legitimately dodge registration?
Because of exceptional circumstances your business turnover has exceeded the VAT registration limit. You’re sure that this won’t be repeated. Must you register and wait to deregister when your turnover falls or is there an alternative?
VAT REGISTRATION - 27.06.2023
Does an overseas seller benefit from UK registration threshold?
Q. Our company is incorporated in the UK and the office address of our UK-based accountant is the registered address with Companies House. We have no trading premises or staff in the UK and all decisions are made from our head office in Ireland. The company imports and sells stationery to private individuals in the UK but we have not registered for UK VAT because our annual sales are less than the registration threshold of £85,000. But is this correct? ...
VAT - 03.05.2023
The right way to deregister
If your business has ceased trading or its VATable turnover has fallen below the deregistration limit, you can cancel your VAT registration. But the process isn’t always straightforward. So what traps should you be watching for?
VAT - 04.04.2023
Change of business activity - VAT trap
Your business recently stopped trading, but you’ve found a tenant who’s now paying you rent for the premises and the equipment in it. Did your VAT registration lapse when your business ended or must you keep submitting returns to HMRC?