I know that the VAT registration threshold in the UK for 2019 / 2020 is £85000 and if the company turnover over the past 12 months exceeds this mandatory threshold at any point, the business must register for VAT.
But I also know that it is possible to register before that. When is it a good idea for a business to register for VAT before having reached the threshold? For what types of businesses does this make sense?
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