Benefits to becoming VAT registered

Benefits to becoming VAT registered

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TheLordJohn

Original Poster:

5,746 posts

147 months

Friday 24th April 2015
quotequote all
Hi all.

I'm sure there are some negatives, also. But can people please tell me the pro's and cons to becoming VAT registered?
I think I am going to become VAT registered, voluntarily. As my turnover won't exceed c£80k.

Thanks all, Stuart.

TheLordJohn

Original Poster:

5,746 posts

147 months

Friday 24th April 2015
quotequote all
Vixpy1 said:
Business to Business - No change really
Business to Retail - You just made yourself 20% more expensive.
Don't think you could have explained it any better to me in less words! Lol.
I've read up on it a decent bit these past couple of weeks and for a couple of things I wish to do, I must be VAT registered.