Vat registered what is it

You then file one VAT return and pay the balance — or claim back a refund for any overpayments. Before you log on and begin your registration, you need the following information to hand: Your Unique Tax Reference. Your company number and registered address. Details of any associated businesses from the past two years. You might also need the details of any businesses being transferred or bought, if applicable. Try it for free. We use cookies to enhance the experience of this website.

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Business Challenges. Looking for an accountant. Expanding abroad. Selling a business. Growing a business. Looking for funding. Starting a business. Paying too much tax. Buying a business. Cashflow stopped flowing. Exiting a business. Get In Touch. Thank you for contacting us. Your message is important to us, we will be in touch shortly. Our Services. You can reclaim some of the VAT on the goods and services purchased by your business.

If you preemptively register for VAT before reaching this threshold, you could save the time and hassle of adjusting your prices to include VAT rates. Some of the disadvantages of voluntary VAT registration for entrepreneurs and small businesses might be:. Your products or services will therefore appear more expensive for the end-user.