{"id":369,"date":"2024-04-24T13:59:03","date_gmt":"2024-04-24T13:59:03","guid":{"rendered":"https:\/\/businassist.com\/blog\/?p=369"},"modified":"2025-12-24T14:24:21","modified_gmt":"2025-12-24T14:24:21","slug":"pros-and-cons-of-being-vat-registered","status":"publish","type":"post","link":"https:\/\/businassist.com\/blog\/pros-and-cons-of-being-vat-registered\/","title":{"rendered":"What are the Advantages and Disadvantages of being VAT Registered?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-371\" src=\"https:\/\/businassist.com\/blog\/wp-content\/uploads\/2024\/04\/Pros-and-Cons-of-Being-VAT-Registered.jpg\" alt=\"Pros and Cons of Being VAT Registered\" width=\"1000\" height=\"667\" srcset=\"https:\/\/businassist.com\/blog\/wp-content\/uploads\/2024\/04\/Pros-and-Cons-of-Being-VAT-Registered.jpg 1000w, https:\/\/businassist.com\/blog\/wp-content\/uploads\/2024\/04\/Pros-and-Cons-of-Being-VAT-Registered-300x200.jpg 300w, https:\/\/businassist.com\/blog\/wp-content\/uploads\/2024\/04\/Pros-and-Cons-of-Being-VAT-Registered-768x512.jpg 768w, https:\/\/businassist.com\/blog\/wp-content\/uploads\/2024\/04\/Pros-and-Cons-of-Being-VAT-Registered-120x80.jpg 120w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p><a href=\"https:\/\/businassist.com\/uk-ltd-company-formation.php\"><span style=\"font-size: 18pt;\"><strong><em>UK company formation<\/em><\/strong><\/span><\/a><span style=\"font-size: 18pt;\"><strong><em> for just \u00a30.99 and get your <a href=\"https:\/\/businassist.com\/uk-virtual-office-business-address.php\">UK virtual office address<\/a> for only \u00a30.88 &#8211; available for both UK and non-UK residents!<\/em><\/strong><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Striking a balance on whether <a href=\"https:\/\/businassist.com\/blog\/being-vat-registered-is-killing-my-business\/\">being VAT registered<\/a> is beneficial for your business depends on various factors which involve <\/span><span style=\"font-weight: 400;\">considerations that can impact the financial health of your company. Let\u2019s explore why you have to be a VAT registered business with consideration to its pros and cons.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Post Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/businassist.com\/blog\/pros-and-cons-of-being-vat-registered\/#What_is_VAT\" >What is VAT ?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/businassist.com\/blog\/pros-and-cons-of-being-vat-registered\/#When_is_it_compulsory_to_register_for_VAT\" >When is it compulsory to register for VAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/businassist.com\/blog\/pros-and-cons-of-being-vat-registered\/#Is_there_any_way_to_avoid_registering_for_VAT\" >Is there any way to avoid registering for VAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/businassist.com\/blog\/pros-and-cons-of-being-vat-registered\/#Can_you_register_for_VAT_voluntarily\" >Can you register for VAT voluntarily?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/businassist.com\/blog\/pros-and-cons-of-being-vat-registered\/#What_is_the_process_to_follow_when_registering_for_VAT\" >What is the process to follow when registering for VAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/businassist.com\/blog\/pros-and-cons-of-being-vat-registered\/#How_long_does_it_take_to_register_for_VAT_and_get_a_VAT_number\" >How long does it take to register for VAT and get a VAT number?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/businassist.com\/blog\/pros-and-cons-of-being-vat-registered\/#What_will_be_the_advantages_to_your_business_once_you_are_registered_for_VAT_and_have_a_VAT_registration_number\" >What will be the advantages to your business once you are registered for VAT and have a VAT registration number?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/businassist.com\/blog\/pros-and-cons-of-being-vat-registered\/#What_will_be_the_disadvantages_to_your_business_once_you_are_registered_for_VAT_and_have_a_VAT_registration_number\" >What will be the disadvantages to your business once you are registered for VAT and have a VAT registration number?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/businassist.com\/blog\/pros-and-cons-of-being-vat-registered\/#Is_there_a_way_to_reduce_your_VAT_liability\" >Is there a way to reduce your VAT liability?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/businassist.com\/blog\/pros-and-cons-of-being-vat-registered\/#Are_there_any_goods_and_services_that_are_exempt_from_VAT\" >Are there any goods and services that are exempt from VAT?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_VAT\"><\/span>What is VAT ?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Value Added Tax is a consumption tax placed on a product or service whenever value is added at each level of the supply chain. <\/span><span style=\"font-weight: 400;\">VAT also applies to certain goods and services imported into the UK from the EU and non-EU countries.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_is_it_compulsory_to_register_for_VAT\"><\/span>When is it compulsory to register for VAT?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When your business\u2019<\/span><span style=\"font-weight: 400;\"> VAT taxable turnover for the last 12 months is more than \u00a390,000 (the <a href=\"https:\/\/businassist.com\/blog\/what-is-the-vat-threshold\/\">VAT threshold<\/a>), you must register for VAT. However, you can also choose to register if your turnover is less than \u00a390,000. (voluntary registration).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, if you expect your turnover to go over \u00a390,000 in the next 30 days, you must register for VAT. You should note that your effective date for registration is the date you realised, and not the date when your turnover went above the threshold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Regardless of VAT taxable turnover, you may register for VAT if you are based outside the UK, your business is based outside the UK and you supply any goods or services to the UK or expect to in the next 30 days.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You must register for VAT if you take-over a VAT-registered business and the combined taxable income for the new business and your existing business is over the threshold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019ll need to register if you only sell goods or services that are exempt from VAT but you buy goods for more than \u00a390,000 from EU VAT-registered suppliers to use in your business.<\/span><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_there_any_way_to_avoid_registering_for_VAT\"><\/span>Is there any way to avoid registering for VAT?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To avoid registering for VAT, you can convince <a href=\"https:\/\/www.gov.uk\/government\/organisations\/hm-revenue-customs\">HMRC<\/a> that your increase in sales is temporary and request an exemption. If your situation justifies it, HMRC may grant you a special dispensation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You may also avoid VAT registration by splitting your business into different parts. A<\/span><span style=\"font-weight: 400;\"> business splitting arrangement is when two businesses trade independently of each other under different legal entities. However, be cautious as <a href=\"https:\/\/businassist.com\/blog\/can-hmrc-check-your-bank-account\/\">HMRC closely examines<\/a> such cases.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can <a href=\"https:\/\/businassist.com\/uk-virtual-office-business-address.php\">register your business<\/a> on a <\/span><span style=\"font-weight: 400;\">flat rate scheme, a better alternative to paying the 20% rate. However you are not allowed to claim back the VAT on your purchases unless they are a one-off capital investment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You may avoid registering for VAT by selling supplies that are exempted from VAT such as, children\u2019s clothes, medical supplies and equipment.<\/span><\/p>\n<p><a href=\"https:\/\/businassist.com\/uk-virtual-office-business-address.php\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-230\" src=\"https:\/\/businassist.com\/blog\/wp-content\/uploads\/2024\/02\/Build-your-own-Unique-and-Personalised-UK-Virtual-Office-Address.png\" alt=\"Personalised UK Virtual Office Address\" width=\"980\" height=\"150\" srcset=\"https:\/\/businassist.com\/blog\/wp-content\/uploads\/2024\/02\/Build-your-own-Unique-and-Personalised-UK-Virtual-Office-Address.png 980w, https:\/\/businassist.com\/blog\/wp-content\/uploads\/2024\/02\/Build-your-own-Unique-and-Personalised-UK-Virtual-Office-Address-300x46.png 300w, https:\/\/businassist.com\/blog\/wp-content\/uploads\/2024\/02\/Build-your-own-Unique-and-Personalised-UK-Virtual-Office-Address-768x118.png 768w\" sizes=\"auto, (max-width: 980px) 100vw, 980px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_you_register_for_VAT_voluntarily\"><\/span>Can you register for VAT voluntarily?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You certainly can voluntarily register for VAT even if your turnover is below the <a href=\"https:\/\/businassist.com\/blog\/what-is-the-vat-threshold\/\">VAT threshold<\/a>. The application process of registering voluntarily can be done online at GOV.UK by completing the VAT1 form available on the HMRC website. Once registered, you will receive a VAT registration number.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After registration, you will need to charge VAT on your sales and submit VAT returns (usually quarterly) to HMRC, reporting your output and input VAT.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_process_to_follow_when_registering_for_VAT\"><\/span>What is the process to follow when registering for VAT?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">To register your company for VAT, the application process can be completed <\/span><a href=\"https:\/\/www.gov.uk\/vat-registration\/how-to-register\"><span style=\"font-weight: 400;\">online <\/span><\/a><span style=\"font-weight: 400;\">on the HMRC website.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You will need to create a VAT online account also known as a Government Gateway account and register for VAT. This is the account you will use to submit your VAT returns online.\u00a0\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After signing up, you can start the registration process as guided on the website.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enter all details and documents needed to apply for VAT.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Once registered, HMRC will provide you with a VAT registration certificate.<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">The VAT registration certificate displays your VAT number and the date of the first VAT return and payment. It also displays the effective date of registration.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_long_does_it_take_to_register_for_VAT_and_get_a_VAT_number\"><\/span>How long does it take to register for VAT and get a VAT number?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It may take 30 working days to get your VAT registration certificate, however the duration may vary if you have done registration online or by post.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Process time may also vary if there are any additional documents or information required from you and HM Revenue &amp; Customs (HMRC) workload.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_will_be_the_advantages_to_your_business_once_you_are_registered_for_VAT_and_have_a_VAT_registration_number\"><\/span>What will be the advantages to your business once you are registered for VAT and have a VAT registration number?<b><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li aria-level=\"1\"><b>Makes your business look legitimate: <\/b><span style=\"font-weight: 400;\">Partners and customers may feel confident working with a business that has registered for VAT. This creates a positive reputation for your business.<\/span><\/li>\n<li aria-level=\"1\"><b>Ability to reclaim input VAT: <\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">You can reclaim VAT paid on purchases and expenses from HMRC. This reduces your overall costs.<\/span><\/span><\/li>\n<li aria-level=\"1\"><b>Simplifies cross-border transactions:<\/b><span style=\"font-weight: 400;\">\u00a0VAT registration simplifies cross-border transactions for import and export business and ensures compliance with VAT rules.<\/span><\/li>\n<li aria-level=\"1\"><b>Access to VAT schemes: <\/b><span style=\"font-weight: 400;\">VAT registration can opt for various VAT schemes such as Flat Rate Scheme which simplifies VAT accounting, Annual Accounting Scheme which allows you to spread VAT payments over the year, and Cash Accounting Scheme which allows you to account for VAT based on cash received and paid.<\/span><\/li>\n<li aria-level=\"1\"><b>Enhance competitiveness within the market:<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0Many customers and suppliers may prefer to deal with a VAT registered business since it complies with tax regulations.<\/span><\/span><\/li>\n<li aria-level=\"1\"><b>Recover input VAT on capital assets:<\/b><span style=\"font-weight: 400;\">\u00a0VAT registered businesses can recover input VAT on capital assets such as equipment reducing capital investments burden.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"What_will_be_the_disadvantages_to_your_business_once_you_are_registered_for_VAT_and_have_a_VAT_registration_number\"><\/span>What will be the disadvantages to your business once you are registered for VAT and have a VAT registration number?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><b>Liable for VAT payments:<\/b><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u00a0As a VAT registered business, you are liable for VAT payments to HMRC. You must pay your VAT bill by the deadline and this can result in penalties if you fail. Deadline may differ depending on if you use the Annual Accounting Scheme or make payments on <a href=\"https:\/\/businassist.com\/uk-and-international-multicurrency-bank-accounts.php\">account<\/a>.<\/span><\/span><\/li>\n<li><b>Cash Flow challenges: <\/b><span style=\"font-weight: 400;\">VAT registered businesses need to pay output VAT which can affect their cash flow especially if they have long payment cycles.<\/span><\/li>\n<li><b>Costly and time consuming: <\/b><span style=\"font-weight: 400;\">Maintaining detailed records for VAT purposes can be time consuming and costly.<\/span><\/li>\n<li><b>Pricing challenges: <\/b><span style=\"font-weight: 400;\">VAT can influence the pricing of your goods and services. You may either decide to pass VAT costs to your customers or absorb them.<\/span><\/li>\n<li><b>Complex transaction: <\/b><span style=\"font-weight: 400;\">Import and export businesses may find it challenging dealing with cross-border transactions. <\/span><span style=\"font-weight: 400;\">VAT treatment varies when trading with other EU countries or post-Brexit UK.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Is_there_a_way_to_reduce_your_VAT_liability\"><\/span>Is there a way to reduce your VAT liability?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To reduce your VAT liability, you will have to do financial strategic planning and understand the rules. To effectively manage your VAT, you should consider the Flat Rate Scheme (FRS) if your annual turnover is <\/span><span style=\"font-weight: 400;\">\u00a3150,000. Under this scheme, you pay a fixed percentage of your gross turnover as VAT.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Annual accounting scheme allows you to submit VAT returns annually instead of quarterly bringing flexibility in payments and reducing administrative burden.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If your annual turn-over is below \u00a31.35 million, you can use a cash accounting scheme. With this, you account for VAT when you receive payments from customers rather than issuing invoices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, if your turnover is below the VAT registration threshold (<\/span><span style=\"font-weight: 400;\">\u00a390,000), you can consider voluntary registration which allows you to reclaim input VAT on business expenses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can consider group registration if you have multiple companies under one control. This will simplify VAT accounting.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you make both taxable and exempt supplies, you can recover a portion of input VAT related to taxable supplies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can also consider zero rated supplies to reduce the overall liability. Such products are : children&#8217;s clothing, books, most foods etc.<\/span><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Are_there_any_goods_and_services_that_are_exempt_from_VAT\"><\/span>Are there any goods and services that are exempt from VAT?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Goods and services that are exempted from VAT are supplies which do not meet the<\/span><span style=\"font-weight: 400;\"> definition of taxable supplies. There are two goods and services that are exempted from VAT known as exempt supplies and specified supplies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Exempt supplies are business supplies on which VAT is not charged whereas specified supplies are supplies which would be exempt from VAT if you made them in the UK.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some of the goods and services include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Certain selling, leasing and letting of land and buildings (but not lettings of garages, parking spaces or hotel and <a href=\"https:\/\/businassist.com\/blog\/how-many-bank-holidays-in-2025-full-uk-list\/\">holiday<\/a> accommodation)\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Education, sporting, and training<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Insurance, finance, and credit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Betting, gambling and lotteries (but not takings from fruit machines)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Providing credit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fundraising events by charities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Subscriptions to certain membership organisations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The services of doctors and dentists<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Certain services from undertakers<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Remember, this list is not exhaustive and there may be more goods and services that are exempted from VAT. If you are not sure whether the supplies you make are exempt from VAT, contact the VAT Helpline.<\/span><\/p>\n<p><strong>Read Also:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/businassist.com\/blog\/can-i-change-my-limited-company-name\/\" rel=\"bookmark\">Can i Change my Limited Company Name: The Ultimate Guide<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/what-is-postal-fraud-and-how-can-businassist-help\/\" rel=\"bookmark\">What is Postal Fraud and How can BusinAssist Help me From Being a Target?<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/what-is-an-eori-number\/\" rel=\"bookmark\">What is an EORI Number? \u2013 A Guide<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/companies-house-default-address\/\" rel=\"bookmark\">Everything You Need to Know About Companies House Default Address<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/first-gazette-notice-for-compulsory-strike-off\/\" rel=\"bookmark\">What is a First Gazette Notice for Compulsory Strike-Off?<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/being-vat-registered-is-killing-my-business\/\">Being VAT Registered Is Killing my Business<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/disadvantages-of-dormant-company\/\" rel=\"bookmark\">What Are the Disadvantages of a Dormant Company?<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/how-to-obtain-certificate-of-incorporation\/\" rel=\"bookmark\">What is a Certificate of Incorporation and How Can one be Obtained? 2024 Guide<\/a><\/li>\n<li><a href=\"https:\/\/businassist.com\/blog\/how-to-find-a-companys-vat-registration-number-in-the-uk\/\" rel=\"bookmark\">How to Find a Company\u2019s VAT Registration Number in the UK: A Step-by-Step Guide<\/a><\/li>\n<\/ul>\n\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-right kksr-valign-bottom\"\n    data-payload='{&quot;align&quot;:&quot;right&quot;,&quot;id&quot;:&quot;369&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;6&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;4.7&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;4.7\\\/5 - (6 votes)&quot;,&quot;size&quot;:&quot;20&quot;,&quot;title&quot;:&quot;What are the Advantages and Disadvantages of being VAT Registered?&quot;,&quot;width&quot;:&quot;115&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 115px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 16px;\">\n            4.7\/5 - (6 votes)    <\/div>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":371,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[5],"tags":[9,15],"class_list":["post-369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guide","tag-business","tag-vat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pros and Cons of Being VAT Registered: An Overview [2025]<\/title>\n<meta name=\"description\" content=\"Pros and Cons of Being VAT Registered: Learn how VAT registration can impact your business. 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