VAT Necessary ?

[steliodj]

Hi there,

Just a simple question,

Is the VAT registration necessary? If I register an LTD company, do I have to register to VAT to operate?

Thanks In advance

 

[Yorganic]

nope, its not really necessary providing you turnover is below a certian threshold - £56k-ish I recall without looking it up.

 

[steliodj]

Thank You Yorganic

 

[bwglaw]

VAT threshold is now £61,000, not £56,000 as previously stated.

Whilst VAT is not automatically required to operate a Limited Company it is good advice to speak with an Accountant who may advise you to voluntarily register

Jonathan

 

[Rob Holmes]

Herea a helpful tool from businesslink: http://www.businesslink.gov.uk/bdot...245&r.l1=1073858808&r.s=tl&topicId=1073863071

Rob

 

[steliodj]

Thank you all for your replies