🤦♀️🤦Y’know how it goes… 🤦🤦♀️
“My Auntie’s cousin’s friend, goes out with this bloke, who knows someone who is married to someone whose brother is an accountant, and HE says…”
Well ✋ STOP 🤚Forget the hearsay, work with the truth with our TAX MYTH series…
💥 Tax Myth ONE 💥 Limited companies HAVE to be VAT registered
🤓 Nope, they don’t
🤓 You only HAVE to be VAT registered when your annual turnover reaches £85k
🤓 Of course, you may CHOOSE to be VAT registered… This is called ‘Voluntary Registration’
🤓 And ANY type of business can do this – sole trader, partnership or limited companies
Not sure if you need to be VAT registered? Find out more from Big G here at HMRC:
https://www.gov.uk/vat-registration/when-to-register
😍😍😍 Stay safe everyone 😍😍😍