Businesses in the UK are obliged to register for VAT if your sales or turnover likely to exceed the VAT registration threshold which is currently set as £77,000. If you companies are likely to make sales of more than the VAT registration limit in the first year of trading you might choose to register for VAT straight away.
The registration is to be filed with HM Revenue and Customs (HMRC) within one month of your sales exceeding the registration threshold.
Once registered, your business must file quarterly VAT returns to VAT office within one month after the end of each VAT quarter.
If you would like assistance in submitting your business VAT registration application to HMRC, our VAT services team would be more than happy to assist you. Our VAT registration services extend to provide you advice on basic records you must keep for VAT purposes and the most efficient way of recording VAT transactions.
Feel free to discuss your VAT requirements with our VAT services team and they will be able to offer you guidance.
Concise Accountants offer VAT registration application services for limited companies and unincorporated businesses. This is an one-off payment for the submission of VAT registration for your business.