You can use this form of VAT registration if:
You are registered for VAT
Your turnover is £150,000.00 or less (excluding VAT) in the next 12 months
|VAT accounting scheme||Threshold to join scheme||Threshold to leave scheme|
|Flat Rate Scheme||£150.000 or less||More than £230.000|
|Cash Accounting Scheme||£1.35 mln or less||More than £1.6 mln|
|Annual Accounting Scheme||£1.35 mln or less||More than £1.6 mln|
The above data is current from 01 April 2015.
Having previously experienced numerous delays in the completion of my accounts and submission to the relevant authorities by previous accountants, I have to say how much of a refreshing change it has been to have everything dealt with on time By ABS-Service Ltd.
I dreaded each quarter as it came around until I met with the team at ABS-Service Ltd. For the last couple of years all I have had to do is present my paperwork by an agreed date and everything is taken care of. We then had a further chat and I have been able to reduce my VAT bill by over 50%.
We've been dealing with ABS-Service Ltd for 3 years now and have always found their industry knowledge, expert advice and professional service provided by the 'Team' at ABS-Service Ltd a great resource for our company.