• Created by: TeresaM19
  • Created on: 19-10-21 20:45

VAT Registration
Chancellor sets Turnover LEVEL MUST REGISTER VAT each year, Budget
Bookkeeper checks this, informs Client approaching Threshold for Registration
£85,000 20/21 12 months; reach this, notifies HMRC to start Registration process

Register for VAT:
Individual, Partnership, Company, Club, Association, Charity, Named group (Conference, Exhibition, Trust, Educational, Health Institution), Local Authority - Taxable Person

Cannot Register for VAT:
Sell only goods/services Exempt from VAT, not in business defined by HMRC for VAT purposes

HMRC provide VAT No. shown all documents, Date given to start charging VAT

Treatment of VAT
Register for VAT, collect on behalf of Gov. Quarter’s


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