5) VAT – Are There Any Disadvantages Of Being VAT Registered?

With registering to be VAT registered there are some disadvantages.

You will have to complete regular VAT returns to HMRC. This would mean completing either Monthly, Quarterly or Annual returns depending on the size of your firm and which scheme you decide to use.

Some of your customers may be put off dealing with you as they will have to bear the extra cost of VAT if they are not VAT registered.

Call us now to discuss your best option on 0208 903 9538.

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