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Quick estimates using current 2025/26 UK rates. For an exact figure tailored to your situation, book a free call.
Sales
Expenses (input VAT)
Output VAT on sales
£2,300
Input VAT reclaimable
£440
VAT payable to HMRC
£1,860
Sales breakdown
| Description | Net | Rate | VAT |
|---|---|---|---|
| Consultancy fees | £8,000 | 20% | £1,600 |
| Product sales | £3,500 | 20% | £700 |
| Total output VAT | £2,300 | ||
Expense breakdown
| Description | Net | Rate | VAT |
|---|---|---|---|
| Office rent | £1,200 | 20% | £240 |
| Software subscriptions | £400 | 20% | £80 |
| Professional fees | £600 | 20% | £120 |
| Total input VAT | £440 | ||
Estimated figures only. Actual VAT liability depends on your invoice dates, VAT scheme election, partial exemption rules, and registration status. Always confirm with a qualified accountant before submitting to HMRC.
VAT registration threshold: £90,000 taxable turnover (rolling 12 months). You must notify HMRC within 30 days of exceeding this threshold.
Estimates only, for guidance. Not a substitute for professional advice.
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