Where can I obtain vat (value added tax) information?

Your Accountant is probably your best source of information together with HM Revenue & Customs (the UK tax authority). You can apply for VAT on their website at no cost. HMRC publish a number of helpful information pages available from www.hmrc.gov.uk

However you should get professional advice on whether it is best to register for VAT.
In general if you are selling to the public your prices will be lower if you are not VAT registered. If you are selling to businesses that are likely to be VAT registered it will not affect the cost to the business as they will reclaim any VAT you charge them. You will also be able to reclaim any vat you are charged.

If you anticipate your turnover exceeding the relevant threshold for registration in any 12 month period then you are required to register for VAT by law.

We are here to help you. Please do not hesitate to call 0844 815 0909 for friendly and professional advice on starting a company.

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