Jul 102007
- If your turnover is above the VAT threshold, you must register.
- If most of your customers are VAT registered, you may wish to consider registering, even if you are below the threshold, so that you can reclaim your input VAT (the VAT on your purchases).
- It can give the impression of a bigger or more established business.
Click here for 2006-07 and 2007-08 VAT registration thresholds.
