Back
Let us sort your Self Assessment online. £119, all in. Learn more

VAT

VAT (“Value Added Tax”) is a tax added on most goods and services in the UK.

Right now the VAT rate for most goods and services is 20%.

If you are self-employed, you don’t need to register for VAT unless you earn over £85,000.

Under this amount it’s entirely optional.

Reasons to register for VAT:

  • if you earn over £85,000 from self-employment (unless you provide VAT exempt services, like training)
  • if you want to claim back VAT that you’ve paid on your purchases (for example, VAT on the laptop you use for work)

You can register for VAT on HMRC’s website.

Hey there! We really hope this article helped you. Tax matters can be a dreadful topic at times. We know. That's why we started TaxScouts.
A stress-free way to getting your taxes done.

Have a minute? See how it works

More guides & useful information

Related terms

Let us sort your Self Assessment online. £119, all in.

That’s right. No matter how complicated it gets or why you need to do a return in the first place, it’ll cost £119 to get it done. That includes VAT, last-minute changes and all the support you may need.

How it works

1. Answer a few simple questions

And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start working on your tax return.

2. Then get paired with a tax accountant

That’s right, you’ll be matched with a real accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.

3. We file your Self Assessment for you

Once you’ve signed off your return, your TaxScouts accountant will file your return online with HMRC. That’s it! We told you it was simple.