VAT registration is affected by taxable turnover and the current rules, including the applicable rolling-period tests and any exceptions. Do not rely on an old threshold when making a registration decision.
Once registered, a business needs to maintain appropriate VAT records, issue compliant invoices where required and submit returns accurately. The rules for different supplies and input tax can vary.
Making Tax Digital requirements mean that many VAT businesses must use compatible digital processes for maintaining and sending relevant information.
If your turnover is approaching the registration threshold or you have an unusual business model, seek tailored advice and check the latest HMRC guidance.
These articles are general information, not personal tax or accounting advice. Check current HMRC guidance and seek advice relevant to your circumstances.
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