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If you are thinking about registering for VAT, you can use this tool to find out what it might mean for your business.听听

You must register for VAT if:听

• your total taxable turnover is over 拢90,000 鈥� known as the VAT threshold听
• you expect your turnover to go over the VAT threshold in the next 30 days听
• you and your business are based outside the UK, and you supply any goods or services to the UK (or expect to in the next 30 days)

Your taxable turnover is the total value of everything you sell that is not exempt from VAT.听

You can also register for 鈥疺AT鈥痠f your taxable turnover is less than 拢90,000, known as voluntary registration.听

You can use this tool to estimate what VAT might be owed or reclaimed by your business when you register for VAT. You can also use this tool multiple times to compare different situations that could apply to your business in the future.

Before you start听

You鈥檒l need some information on your business sales and costs figures for goods and services sold in the UK. This could include:听

• income you have received听听
• how much you paid for stock or materials听
• the overhead costs of running your business听

You can find this information in your:听

• current business records听
• past business records, for example your last set of annual accounts听
• future business plans, if you鈥檙e thinking of starting or growing your business听

You鈥檒l also need to know:听

• what rates of VAT your income and costs have听
• what proportion of your income and costs are exempt or out of scope for VAT听

If you鈥檙e unsure where to find this information, you can check:听

• your invoices (for your costs only)听
• the VAT rates on different goods and services听

We need this information to give you an estimate of how much VAT on average you might need to pay or reclaim in each return period. Most VAT-registered businesses submit a VAT Return every 3 months.