When your company turnover reaches the ‘VAT threshold’ (currently £85,000) in a twelve-month period, you must register for limited company VAT. Even if you don’t, there may be professional reasons why you would want to register anyway. So, how does the VAT registration for limited companies work?
flat rate vat
Several VAT schemes are open to business owners depending on their financial profile. The flat rate scheme was created to make VAT accounting simpler for qualifying businesses, by allowing them to pay VAT at a fixed percentage of turnover rather than on a transaction by transaction basis.
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