Help and advice

VAT registered businesses will ordinarily be able to recover any VAT in accordance with VAT rules using the VAT receipt provided. Information on VAT, including VAT recovery, is available at www.hmrc.gov.uk/vat. You may be interested to know it is possible for businesses to elect to register for VAT even if turnover is below the current annual threshold of £70,000 (provided all goods or services sold are not exempt). If you are not currently VAT registered and would like to find out more, HMRC provides information on the implications and how to register at http://www.hmrc.gov.uk/vat/start/register/index.htm.