You MUST register if:
β Your taxable turnover goes over Β£90,000 in the last 12 months, OR
β You expect to go over Β£90,000 in the next 30 days
You can also choose to register voluntarily if youβre under the threshold but remember not everything counts towards the threshold (some VAT exempt/out of scope supplies donβt).
β οΈ Donβt forget: Once you go over the limit, youβve got 30 days to register.
π‘ Tip: Donβt leave it too late, late registration can mean backdated VAT + penalties.
π© Not sure if you need to register? Contact us and weβll help you work it out.