VAT
Approaching the VAT threshold? Your next steps
Published 2 November 2024
Crossing the VAT threshold is a milestone. With the right prep it becomes a controlled process rather than a scramble.
Track your rolling turnover
Keep a 12 month rolling total of VATable sales. The moment you pass GBP 90,000 you have 30 days to register.
Consider voluntary registration ahead of time if you buy significant vatable supplies you can reclaim.
Plan the customer experience
Update prices, till systems, and website copy to explain VAT inclusive pricing.
Brief your team so they can answer questions about invoices and VAT numbers confidently.
Key takeaways
- Monitor VATable turnover monthly and keep evidence for HMRC.
- Register within 30 days of passing the threshold to avoid penalties.
- Communicate VAT changes clearly to customers and suppliers.
How we can help you
We specialise in:
- Rolling turnover monitoring
- VAT registration preparation
- Customer communication planning
If you are close to the VAT threshold, we can register you, update invoicing, and train your team on the changes.