VAT is something most businesses have to contend with – and it’s vital you pay it on time and at the correct amount if you want to stay on the right side of HMRC.

If your business  has a total taxable  turnover for the last 12 months of more than £90,000, the Value Added Tax threshold, then it must  be VAT-registered. You should also register for VAT if your turnover before tax is likely to exceed £90,000 in the next 30 days.

In addition, your business should also be VAT registered, regardless of taxable turnover, if you’re based outside the UK, your business is based outside the UK or you supply any good or services to the UK or expect to within the next 30 days.