You can apply to be VAT registered at any time.
Unusually for a tax you can make money out of VAT – though less so since changes to the flat-rate VAT scheme were introduced earlier this year.
The threshold when you have to register for VAT is amended each year. If there is any chance of going over it you should speak to us to consider what to do.
Once VAT registered (which we can take care of), you are required to file VAT returns every 3 months and pay any VAT due to HMRC. Again, we’ll let you know all the dates and deadlines, and complete your VAT return in good time.
Flat rate VAT can be beneficial to smaller businesses. Please ask one of the team if you will benefit.