Description
You must register if:
- your total VAT taxable turnover for the last 12 months was over £85,000 (the VAT threshold)
- you expect your turnover to go over £85,000 in the next 30 days
You must also register (regardless of VAT taxable turnover) if all of the following are true:
- you’re based outside the UK
- your business is based outside the UK
- you supply any goods or services to the UK (or expect to in the next 30 days)
You can choose to register for VAT if your turnover is less than £85,000 (‘voluntary registration’).
You must pay HMRC any VAT you owe from the date they register you.