HMRC data suggests thousands of UK small businesses are restricting growth to avoid the £90,000 VAT threshold, prompting renewed calls for reform of the tax “cliff edge”.

SMEs are deliberately limiting their turnover to stay under the £90K threshold, but experts warn this “defensive growth” could cost more than it saves.

There is a VAT threshold for every small business that is set by HMRC and can vary. Once taxable income exceeds the value set for any given financial year, businesses must register for VAT. Failure to ...

Even through using the best accounting software, the process of registering for VAT for the first time can have a few potentially confusing points – and timescales which may concern you if you feel ...

Over 50, 000 (17%) businesses applying for VAT registration with HMRC last year were unsuccessful*, say chartered accountants and business advisers Lubbock Fine. Not being registered for VAT means ...

HMRC collect Value Added Tax (VAT) through charging VAT at the point of sale on most goods and services in the UK. Businesses registered for VAT can charge VAT on their sales of goods and services, ...

Hi. One of my clients has given me his paperwork for the year end and it would appear that he went over the vat threshold over 9 months ago, which according to the HMRC guidance w ...