VAT ::

• The current Registration limit is sales of £67,000 for the year ending 31 March 2009
• Is your business or profession exempt? e.g. Doctors & Dentists are exempt
• It is a businesses responsibility to keep track of your sales and register for VAT when your running sales total approaches or exceeds the limit (£67,000 in the year ending 31 March 2009)
• Flat rate VAT schemes are available & vary from business to business; they can reduce the administrative burden.