Take a look at our blog posts below for important information about registering your business for VAT, and the many benefits of doing so.
Being VAT-registered can lead to cost savings, competitive advantages and access to financial schemes offered by the government. But what is required to register for VAT? This article discusses the benefits of being VAT-registered and what is needed to do so.
Value Added Tax (VAT) is a crucial component of the UK's taxation system, impacting businesses of all sizes. Comprehending the do's and don'ts of VAT is essential for UK businesses to navigate the complexities, ensure compliance, and minimize potential risks. In this blog, we will explore key principles and provide practical tips to help you understand and adhere to VAT regulations here in the United Kingdom.
Being a sole trader is the easiest way to start your own business, you are accountable for yourself and solely responsible for making decisions. One thing to consider is whether your business requires VAT, your decision will affect both your business and customers or clients.
If you’re just starting your business, there are lots of processes to go through, including registering for VAT. We’ll explain when you might want to register for VAT and how to go through this process.
Registering your business for VAT is a legal obligation when your VAT taxable turnover reaches the threshold. You can register for VAT before this point if you wish, and there are many benefits as to why you might choose to do so. Getting VAT registration right is hugely important, and the team at Paramount Company Formations can assist you through each and every step.
A Paramount Customer Asks: I have already registered my company with Companies House, but we have not reached the VAT turnover threshold. Can I still pay for the VAT registration with yourselves, and what will I need to provide you with to begin the process?
* All timescales are dependent on how busy Companies House/HMRC are and if their system is operating normally.
* All prices are plus VAT
* See terms and conditions regarding release of codes