YF AccountingTax & Compliance
How to Register for VAT: A Step-by-Step Guide for 2026
You register for VAT online through HMRC, and it becomes compulsory once your taxable turnover for the last 12 months goes over £90,000, or you expect it to…
Business Setup
Approaching the £90,000 VAT Threshold: What UK Small Businesses Should Do Before They Cross It
You must register for VAT when your taxable turnover for the last 12 months (checked at the end of every month, on a rolling basis) goes over £90,000,…
Tax & Compliance
VAT Flat Rate Scheme Explained: 2026 Rates and Rules
The VAT Flat Rate Scheme (FRS) lets you pay HMRC a fixed percentage of your VAT-inclusive turnover instead of working out the difference between the VAT you charge…