At HMA Accountants, we understand that VAT can be a confusing subject for business owners, regardless of whether you are just starting out or have been in business for a while. With fluctuating rates and varied regulations on different goods and services, it’s easy to see why many people get it wrong. However, the consequences of getting it wrong can be costly. Incorrect VAT payments could result in hefty fines, while overpaying VAT means you’re losing out on money that’s rightfully yours.

At HMA Accountants, we believe that VAT registration should not be a cause for concern or an added burden on business owners. As a corporate entity ourselves, we understand the importance of proper VAT management in ensuring financial stability and growth for businesses.

Businesses are required to register for VAT once their annual turnover exceeds a certain threshold. However, there are advantages to registering even before you reach that threshold. Deciding when to become VAT registered can be a daunting task without proper expertise. That’s where we come in. At HMA Accountants, we have a team of experts who specialize in the complexities of VAT.

We can help you:

  • Register for VAT and guide you through the process
  • Ensure that you reclaim any VAT that’s due back to you
  • Keep records of all sales and purchases with our accounting software
  • Advise you on which VAT scheme is best for your business
  • And above all, we’ll make VAT work for you.

Why struggle alone when you can have the best advice and support available? At HMA Accountants, we can help you save the most money possible when it comes to VAT and avoid any potential penalties. So, let us take the burden off your shoulders and help you grow your business with proper VAT management.




Standard rate


Reduced rate


Zero rate


Annual registration limit (from 1 April 2023)


Annual deregistration limit (from 1 April 2023)


VAT Cash accounting scheme threshold


VAT Annual accounting scheme threshold



In preparing and maintaining this section of our website every effort has been made to ensure the content is up to date and accurate. However, the law and regulations change continually and unintentional errors can occur and the information may be neither up to date nor accurate. We make no representation or warranty (including liability towards third parties), express or implied, as to the accuracy, reliability or completeness of the information on the website. Please don’t act directly on anything you read – contact us first for advice on how it may affect your individual circumstances.