Disadvantages of Being VAT Registered: Being VAT registered means you need to make VAT payments to HMRC and comply with VAT rules, which can be complex and time-consuming. Impact on Profit Margins : VAT adds an additional cost to your business, impacting your profit margins, especially if you can't fully reclaim VAT on your purchases.. 4. Competitive Parity: If your competitors are all VAT registered, not being written could make you seem less legitimate or more minor in comparison, even if you offer a better service or product. 5. B2B Attractiveness: Businesses prefer dealing with other VAT-registered businesses as it simplifies their accounting.

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Home » » The Journal » How to Avoid Being Registered for VAT. The current threshold for compulsory VAT registration is taxable turnover of £85,000 in the last 12 months. This is a rolling measurement - if you look at the year to 30 June and you are under, that's fine. However, you then need to review for the year to 31 July, and so on.. Pros of being VAT Registered. When you're contemplating becoming voluntarily registered for VAT, some of these reasons may sway your decision towards it: You can apply VAT to the sale of almost any product or service. You can reclaim VAT on most products you purchase from other companies. It can be good for your marketing - seeing that a price.