Value-Added Tax (VAT) is a consumption tax placed on goods and services at each stage of the supply chain where value is added, from initial production to the point of sale.
You must register for VAT if your annual turnover exceeds:
Annual turnover threshold for service-based businesses (from 1 Jan 2025)
Annual turnover threshold for goods-based businesses (from 1 Jan 2025)
If you're likely to exceed your threshold in the current or previous calendar year, register.
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