What is VAT Registration?
Simply, VAT registration is the process of registering your company with the inland revenue (HM Revenue & Customs). VAT registration allows you to recoup VAT that you have charged. Any business can carry out a VAT registration, it is not restricted to limited companies. “Business” is defined as any activity whereby you are getting paid for goods or services. Being a business carrying out such activity, you are necessarily charging your customers VAT. You are collecting this money on behalf of HMRC and you will be expected to pay it to them on the appropriate date.
