To VAT or not to VAT?
The current VAT threshold is £83,000.00: at this level of gross turnover you have to register. However, you may wish to register for VAT voluntarily. What are the implications of registering for VAT voluntarily? You can reclaim the VAT on your expenses; You must charge VAT on your sales; You must prepare and submit VAT returns, ensuring you have followed all the VAT rules Pros vs Cons The obvious upside of registering for VAT is that you can reclaim VAT on your expenses, thus
