Advantages/Disadvantages of Voluntanry VAT registration
Posted: Thu Apr 01, 2010 1:58 pm
Hi All
I'm new to business. I'm thinking of buying a closed sandwich shop (ie just the building) and then start selling sandwiches, and I expect my turnover to be less than 65,000 a year.(which I believe is the vat registration threshold)
Are there any disadvantages to voluntary VAT registration?
Also, are there any advantages to voluntary VAT registration?
Thanks again
S
I'm new to business. I'm thinking of buying a closed sandwich shop (ie just the building) and then start selling sandwiches, and I expect my turnover to be less than 65,000 a year.(which I believe is the vat registration threshold)
Are there any disadvantages to voluntary VAT registration?
Also, are there any advantages to voluntary VAT registration?
Thanks again
S