In the past, the VAT threshold mandated my Ltd Co. to be VAT registered. These days I'm well under that and purchases that are "wholly and exclusively" for the Co. are also low. Consequently, I'm wondering whether it's worth the bother of staying VAT registered. Paperwork aside, the key issue to me seems to be whether clients prefer it one way or the other or don't care. The Co.'s clients are typically VAT registered themselves, but sometimes are not for the smaller outfits.
Anyone know of arguments one way or the other?
Thanks.
Anyone know of arguments one way or the other?
Thanks.
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