I run a small Practice, last year my income was just below £68k but this year I will be reaching the VAT threshold level as I have gained more cleints and as a result my fees will be increasing my 20% because of VAT registration. I wanted to kindly ask others how did you manage the situation when you registered for VAT. One of my client has indicated to me that he will find a cheaper Accountant if I increase my fees by that much even though I explained to him that this a legal obligation.
13th May 2022
How did you manage VAT threshold price increase
VAT threshold price increase (20%)
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