Turnover less than £82,000. Might I be better off registered for VAT?

If your customers are VAT registered, subject to their status, it is very likely you would.

In normal circumstances the VAT you charge will not hurt your customers as they can recover it on their own returns. You can then recover VAT on your own costs thus making more profit.

That said some businesses, even though registered, might not be able to recover the VAT you charge and may expect you to absorb it. This would result in a reduction in your turnover.

We can provide predictions as to what is best for you, based on your current position.

See also: Input Tax Seepage .