My company’s turnover is under £67,000. What are the advantages of voluntary VAT registration?

Even if your company’s turnover is below the VAT registration threshold you might want to register voluntarily for VAT. If you are considering voluntary registration the advantages are as follows:

• You can reclaim some of your input tax
• You increase the credibility of your company – some businesses prefer dealing with suppliers that are VAT-registered
•  If you supply other VAT-registered businesses then they can reclaim the VAT charged