A business must register for VAT if its taxable turnover for any consecutive 12 month period exceeds the VAT registration threshold, currently this threshold is at £85,000. You can also register voluntarily if you’re under the threshold.
If you’re late to register, you will have to pay what you owe from when you should have registered. You may also get a penalty depending on how late you’re to register and how much you owe.
how to register for vat?
Most businesses can register online with HMRC, by registering online for VAT you will be creating a VAT online account, you will need this to submit your VAT returns. You can also use an agent who will submit your VAT Returns and deal with HMRC on your behalf.
It then can take up to 30 days to get a VAT certificate.
When is VAT due?
The deadline for submitting VAT returns online and paying HMRC are usually the same – 1 calendar month and 7 days after the end of an accounting period. You must pay VAT to HMRC electronically, most businesses are not allowed to pay by cheque.
This page is not actively updated, some information may be out of date and should not be used for professional advice.