FREEDOM BOOKS - The Midas Method


If you think that your turnover is likely to exceed about £22,000 a year (at the time of writing) then you must register for VAT. This has advantages for you, as you can claim back all the VAT which you pay out on the items which the company buys, including capital items like typewriters and telephone answering machines.

VAT returns are really simple to keep and should not cause you any problems.