Do I need to register for VAT? The £90,000 threshold
For 2026/27, a UK-established business generally must register for VAT when taxable turnover exceeds £90,000 across the previous rolling 12 months, or is expected to exceed…
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VAT
Practical guidance, with links to the sources and relevant IFM services.
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Flat Rate Scheme vs standard VAT
Standard VAT normally pays HMRC the VAT charged on sales less recoverable VAT on purchases. The Flat Rate Scheme instead applies a sector percentage to VAT-inclusive…
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VAT deadlines and penalty points
For 2026/27, quarterly VAT returns and payments are usually due one calendar month and seven days after the period ends. Late returns build penalty points and…
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VAT on imports, exports and online sales
Cross-border VAT depends on what is sold, where goods are located or services belong, whether the customer is a business, and who imports or facilitates the…
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Voluntary VAT registration: pros and cons
A business below the compulsory threshold may register voluntarily when it makes or intends to make taxable supplies. Registration can recover eligible input VAT and may…
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