VAT

VAT for small business: the £90,000 threshold, deadlines, rates and the Flat Rate Scheme — how to avoid paying tax out of pocket

Turnover of £90,000 over any rolling 12 months means you must register for VAT within 30 days; late means paying the 20% yourself. The GOV.UK rules: the zero-rate catch in counting the threshold, when voluntary registration pays, the Flat Rate Scheme up to £150,000 and the £88,000 deregistration threshold.