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When Do You Need To Register For VAT?

Wednesday 17th April 2024



A graphic with the caption when do you need to register for VAT
When Do You Need To Register For VAT


When To Register For VAT:


You must register if:


  • Your total VAT Taxable turnover for the last 12 months was over £90,000 (the VAT Threshold).

  • You expect your turnover to go over £90,000 in the next 30 days.


You must also register for VAT if:


  • You’re based outside of the UK

  • Your business is based outside of the UK

  • You supply any goods or services to the UK (or expect to in the next 30 days)


How To Calculate Your Turnover


Your turnover is the total value of everything you sell that is not exempt from VAT. It also includes:


  • Zero-rated goods

  • Goods you hired or loaned to customers

  • Business goods used for personal reasons

  • Goods you bartered, part-exchanged or gave as gifts

  • Services you received from businesses in other countries that you had to ‘reverse charge’

  • Building work over £100,000 your business did for itself


What You Need To Register For VAT


For a Limited Company you’ll need:


  • Your company registration number

  • Your business’s bank account details

  • Your Unique Taxpayer Reference (UTR)

  • Details of your annual turnover


You will also need information about:


  • Your Self-Assessment

  • Your Corporation Tax

  • Pay As You Earn (PAYE)


For an individual or as a partnership you’ll need:


  • Your National Insurance number

  • An Identity document, like a passport or driving license

  • Your bank account details 

  • Your Unique Taxpayer Reference (UTR), if you have one

  • Details of your annual turnover


You will also need information about:


  • Your Self-Assessment return

  • Payslips

  • P60

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