Commentary

V7.137 Voluntary VAT registration

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.137 Voluntary VAT registration

Part V7 Tax planning | Commentary

V7.137 Voluntary VAT registration

The analysis at V7.131 explains the various procedures that apply when a business has to be VAT registered on a compulsory basis. In these situations, the business has no choice but to be registered and join the 'VAT club'.

However, there are various situations when it is in the interests of the business to be VAT registered, even when its turnover has not exceeded the annual limits. There are three main situations when a business would want to register for VAT on a voluntary basis as follows.

  1.  

    •     Most or all business income is zero-rated – this means that the business would not need to charge

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial