When should a small sole trader start thinking about VAT?

I am below the threshold but may win a larger contract.

Asked by My Business Path founding community

Report

Community answers

1 visible responses

Accepted answer

Monitor taxable turnover on a rolling basis and understand voluntary-registration trade-offs before the threshold is close. Confirm the current threshold with HMRC.

My Business Path founding contributor

Report answer

Want to answer? Request contributor access.