Do you know when you should become VAT registered? |

As a business owner, you are responsible for keeping track of your turnover every month if you are getting close to the VAT registration threshold as you must register within 30 days of reaching the current threshold of £85,000. You need to track your trading income (not grants) over a consecutive 12 month period, not over the 12 months of your financial year. If you pay for Google Ads these costs must be included in your calculation of income as they form part of your turnover as well as being a cost.
Parsh is a team of experienced Accountants who helps you in all VAT-related matters in Dubai, UAE.
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