text: These are the two most common scenarios when you would become responsible for VAT registration:
  - At the end of any month, the value of your taxable supplies (see below) for the previous 12 months has exceeded £90,000 (this threshold is subject to change). It is helpful to keep a monthly rolling tracker of the total taxable supplies you have made each month to stay on top of this; or
  - If at any time you expect the value of your taxable supplies for the next 30 days to exceed the £90,000 threshold.
  You may need to register in respect of a one-off event if this means you exceed the £90,000 limit.
  HT Limited has developed a productivity app to help individuals manage their monthly tasks and has sold £50,000 of licences as of March 2024. The company wins a large contract for £200,000 with CH Plc, a national employer in the construction industry. CH Plc intends to give all of its employees access to the app in April 2024 to improve organisational productivity.
  Although a one-off contract, HT is required to register for VAT and charge VAT on its sale to CH.
  HT Limited may be entitled to subsequently deregister for VAT if this is a one-off contract, it will depend on HT’s expected taxable sales in the next 12 months.
  Whilst the new Labour Government has ruled out a rise in the rate of VAT, it is possible that the VAT registration threshold could be lowered. This could force businesses that operate near the threshold to register.
  If you are concerned about how compulsory VAT registration will impact your buyer habits e.g. if you are a B2C business and your consumers cannot recover the VAT that they pay, you may want to consider if working fewer hours or selling fewer goods/services will help you remain price competitive. The answer will depend on how your business is expected to grow so we would recommend some scenario planning to understand how VAT registration impacts your cash flow.