When should a small sole trader start thinking about VAT?

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

About this guidance: My Business Path prepared and reviewed this general guidance as a practical starting point. It is not advice tailored to your circumstances. Check current official guidance or ask a qualified professional when the decision depends on your circumstances.

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My Business Path starting point

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

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