Hi Guys, quick question. I set up a business as sole trader last year and didn't register for VAT. However over the next few months it looks like my turnover is going to surpass the VAT threshold so I'm going to have to register for VAT. Question is can I register for VAT at anytime, i.e. end of September for example or does it need to tie in with a calendar year?
If it ties in with the calendar year then obviously I will have problems given that my turnover will probably surpass the VAT threshold within the next 4 - 6 weeks.
Thanks in advance!
If it ties in with the calendar year then obviously I will have problems given that my turnover will probably surpass the VAT threshold within the next 4 - 6 weeks.
Thanks in advance!