VAT Registration in Bath
If you run a business that is making taxable sales of more than a fixed limit in 12 months you have to notify HMRC and register for VAT. You should note that this is not only supplies of goods or services that are at the standard rate but includes anything that VAT is chargeable on (including reduced-rate and zero-rate items and services) but not income that arises from exempt supplies or services.
You are also required to notify HMRC if you anticipate making taxable supplies that exceed the VAT registration limit in the next 30 days.
In both cases there is a time limit in which HMRC must be notified - set at within 30 days of the end of the month that the limit was exceeded, or within 30 days of the date in which you expect to exceed it.
Ask us for the latest registration limits for mandatory registration and for optional deregistration.
Please contact us if you would like help with VAT registration, or view the rest of our site for more VAT Advice in Bath.