When should I register for VAT?

You should register for VAT if:

• Your VAT taxable turnover for the previous 12 months is more than £73,000 (the current VAT registration threshold)
• You think your VAT taxable turnover will exceed the threshold in the next 30 days
• You exceeded a VAT threshold at an earlier point in time and have not registered for VAT
• You take over a VAT-registered business as a going concern