A business must register for VAT if its taxable turnover for any consecutive 12-month period exceeds the VAT registration threshold.
VAT is a complex area with many different rules and regulations with regards to what you can and cannot claim. Even if you are a small business with few transactions, it may be worth outsourcing your VAT Returns to experienced professionals to make sure you are paying the correct amount and claiming all that you can.
Here at CJR, we have a wealth of experience in completing and submitting VAT Returns. Get in touch us with us here or call us on 01476 589340 to arrange your free initial consultation on how we can help you.