When do I have to register for VAT?
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When do I have to register for VAT?
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If in the previous 12 months your turnover has reached the VAT threshold amount of £85,000 (As of April 2018) or you expect your turnover to reach £85,000 in the next 30 days then it is mandatory that you must register for VAT.
If you are under the VAT threshold amount of £85,000 then you do not have to charge VAT on your goods and services. The threshold amount can change so make sure to check the HMRC website each year to ensure you are not over or under this amount.
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