VAT Registration

VAT Registration 
VAT registration is the process of listing your business with the government as active in production and sales.

After a business registers for VAT, it's able to reclaim any VAT paid on company purchases and becomes responsible for:
• Charging VAT on any goods or services sold (and charging the right amount!)
• Paying any VAT due to HMRC
• Submitting VAT Returns
• Keeping VAT records and a VAT account.
 

Companies registered for VAT will be issued a unique VAT registration number. This number should be included on sales invoices and is required for the reverse charge procedure for taxable sales between EU countries.

Do I need to register for VAT?
In the UK, companies with a turnover of more than £85,000 are required to register for VAT. Your taxable turnover is the total value of all taxable sales you make throughout the tax year. Sales that are exempt from VAT do not count towards your taxable turnover.

Voluntary VAT registration
Many small businesses and start-ups have a turnover under the £85,000 VAT registration threshold but still choose to register for VAT. There are pros and cons of voluntary VAT registration, and the decision to opt-in volutarily very much comes down to your particular business, as well as your own personal preferences.

Contact Us
Having any question? In doubt and need clarification. Feel free to contact us through the following and talk to our professionals:
Email: tannetinfo@gmail.com
Tel: +603-21418909
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