VAT

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VAT

If your business is expanding, you may find that you must now register for VAT. You must do so if taxable turnover of your business during the last 12 months is above the threshold (currently £58,000) or if your taxable turnover is likely to exceed this threshold within the next 30 days alone.

Taxable turnover is not just the profit made by your business but includes all the money going through a business in the form of sales of goods and services which are VAT rated. Goods and services which are not taxable and are therefore exempt from VAT, are not included when calculating your taxable turnover.

For further help and advice, call us on 0845 108 0505 or complete a Quick Enquiry Form and we will arrange for one of our expert advisers to contact you.

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