Jun
10
VAT registration. When you need to become VAT registered and why.
When starting a business up there are many costs involved in doing so. There is investment in the equipment and tools needed to do the job. There is investment in the staff, and of course training the staff up. There are a whole plethora of costs including premises, electricity and other day to day bills, phone costs, postage costs, accounting costs… the list goes on. In amongst all of this, at some point you may need to become VAT registered. This is a short summary article outlining the basics of when and why you would become VAT registered.