There are various ways a small business can account for VAT, are you using the right one for you? asks Simon Shaw of Duncan & Toplis.
VAT registration is a question that all businesses need to consider, whether they are currently registered or not.
The VAT compulsory registration threshold is currently £85,000 turnover in the last 12 months. Businesses not registered must keep a close eye on turnover and ensure they understand the requirements of registration.