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How to register for VAT

Summary by simplybusiness.co.uk
VAT, which stands for Value Added Tax, is tax paid on the consumption of goods and services. Businesses pay VAT when they buy goods and supplies, and also charge VAT to customers on products they sell. A business starts paying VAT once it reaches the VAT threshold set by HMRC. To register for VAT, you’ll need to supply certain information – which can differ depending on your business’s legal structure. So if you’re wondering what the VAT thresho…
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simplybusiness.co.uk broke the news in on Thursday, February 27, 2025.
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