Company VAT Registration
VAT is levied on most goods and services provided by registered businesses in the UK and some goods and services imported from outside the European Union. There are complex regulations for goods and services imported from within the EU. The default VAT rate is the standard rate, 20% since 4 January 2011.
Compulsory registration. You must register for VAT if: your VAT taxable turnover is more than £85,000 (the ‘threshold’) in a 12 month period.