2) Do I Have To Register For VAT?

The answer is simple, if your annual turnover is likely to exceed £77,000 2012/13) then yes. HM Revenue & Customs will insist that you do register for VAT. However, if you do not turnover this amount it may work in your favour to register for VAT. Call us now to arrange a free consultation to see whether registering for VAT could make some tax savings.

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