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Ep07 - VAT Made Simple - When to Register and How to Manage It
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VAT can feel complicated, but it doesn’t have to be. In this episode, Nicola explains what VAT really is, when you need to register, and how it affects your pricing, cash flow, and customers.
You’ll learn about compulsory and voluntary registration, how the VAT threshold works, and what to consider before making the jump. Nicola also shares practical advice on submitting returns, managing VAT within your bookkeeping software, and avoiding the common mistakes that trip up small businesses.
Whether you’re close to the threshold or already VAT registered, this episode will help you feel more confident and in control of your VAT responsibilities.
What You’ll Learn:
- When VAT registration is required and when it might be beneficial.
- The pros and cons of voluntary registration.
- How to manage VAT effectively and avoid common pitfalls.
Resources & Links:
I’ve written a book that expands on the topics in this podcast and comes with a companion guide. Learn more at www.thenumbersquarter.co.uk/book.
About the Podcast:
The Balanced Business – The Director’s Handbook is a 12‑part podcast series hosted by Bedford‑based Chartered Accountant Nicola Hageman. Designed for UK small business owners and company directors, the podcast explains how to run a Limited company with more clarity, confidence, and control. Each episode covers a practical topic – from choosing your business structure and staying compliant with HMRC to budgeting, VAT, systems, and delegating. The series is based on Nicola’s book and companion guide, available at www.thenumbersquarter.co.uk/book.
About Nicola and The Numbers Quarter:
Nicola Hageman is the founder of The Numbers Quarter, a friendly and approachable accountancy practice based in Bedford. She specialises in helping owner‑managed businesses grow their profits, plan for the future, and reduce stress. Nicola is known for her plain‑speaking advice and passion for aligning personal and business goals.
Connect with Nicola:
- Instagram – www.instagram.com/nicola_hageman
- LinkedIn – www.linkedin.com/in/nicolahageman
- Website – www.thenumbersquarter.co.uk
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