Did you know you can choose which VAT Scheme you use to report VAT?
 
 There are several to choose from and it is worth considering which one is best for your business and for your cash flow. …

The VAT registration threshold will remain at £85,000 for the next two years until April 2020. Businesses with sales of £85,000 in a 12 month period must become VAT registered unless their sales are exempt from VAT. 
 
 But if you are VAT registered and your income falls below the VAT deregistration threshold of £83,000 you can voluntarily deregister for VAT. …

There are lots of things to remember about VAT when you are VAT registered. Here are ten things about VAT which you may not know.
 
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The VAT threshold for 2017-18 is £85,000 which means that if your business has taxable sales equal to or above this amount over a 12 month period you must register for VAT. For example if these sales from April to March total £80,000 you do not need to register for VAT but if the taxable sales from May to April, just one month later, total £85,000 or more you must register for VAT. Taxable sales are goods or services you sell which have a tax rate of 0% or 20%. If you sell goods or services which are exempt or outside the scope of VAT then you do not need to register for VAT. …

As your business grows there will come a time when you will need to register for VAT. In 2016-17 if your turnover reaches the threshold of £83,000 within a 12 month rolling period you have 30 days in which to register for VAT to avoid a penalty.
 
 Many businesses keep their turnover below the threshold …