One of the many positives about being VAT registered is that you can claim back the cost of VAT paid on any purchases for goods or services you make through your business.
You don’t necessarily have to be VAT registered (well, not until you reach revenues of £85,000) but if your business is doing incredibly well and you think you are likely to hit this figure in the next 12 months – get ahead of the game, and start the process now!
Of course, there is a bit of paperwork HMRC will require from you (but hey, hand it over to us, that’s what we’re here for!) but the real benefits are that it potentially opens more doors to you as you can pitch to even more businesses who would only deal with companies that are VAT registered.
Should we welcome you on board as a client, we will also pop across a quarterly VAT reminder to help speed up any paperwork you may need to send us.
If you have any questions, please call one of our partners on +44 (0)20 8861 7575.
If you prefer, please complete the form on the right and we’ll call you straight back (within 24 hours) and answer any questions you have.
You can also visit our business library which offers tips on various topics including:
It has truly been a pleasure working with the Lawrence Grant team