If your VAT taxable turnover exceeds the current threshold of £85,000 (for the 2021/22 tax year). The VAT taxable turnover refers to the total value of everything that you sell that isn’t exempt from VAT. you expect your VAT taxable turnover to exceed £85,000 in the next 30-day period. Your business will need to file VAT returns. You can choose the frequency of VAT return submissions. Monthly, quarterly or yearly. Whichever scheme suits your business best.
This may sound daunting. But don’t worry, we will incorporate the VAT returns into your package.