Confused about VAT? Here’s everything you need to know

VAT. A tax that fills many people with an awful feeling of dread! But if you’re self-employed or run a limited company or partnership it’s something you should really have more than a passing knowledge about. After all, you need to know whether your business should register for VAT, what you need to do if […]
Should I be VAT registered?

I am often asked what the advantages and disadvantages are of voluntarily registering for VAT. Whether you are a sole trader, partnership or limited company, you can voluntarily register for VAT as long as you make relevant taxable sales and have an income which is less than the VAT threshold (currently £85,000). The only exception […]