In this special one off video we will be looking at whether the VAT threshold could be lowered from 90K to 30K. Joining me is VAT Specialist Mr Les Howard to discuss what steps you may need to think about if you are a small business being brought into VAT for the very first time. Look out for our VAT mini bite size episode’s coming soon on all things VAT so you feel more confident running your business. Further resources for your guidance:-

https://www.gov.uk/guidance/find-software-thats-compatible-with-making-tax-digital-for-vat

https://www.gov.uk/register-for-vat

https://www.gov.uk/vat-cash-accounting-scheme


Disclaimer – This video is for information and educational purposes only. CLCK Bookkeeping-Taxation and any person(s) involved within the video is not authorised or regulated by the Financial Conduct Authority and we do not provide regulated financial or tax-planning advice. VAT rules can change, especially around the Budget, so please do not rely on this video as advice for your own situation. If you need guidance for your business, please contact us directly and we can provide paid, written advice based on current HMRC guidance.”