VAT registration

Hi. 

I have applied for mortgage as a self-employed, offer issued.

I need to register for VAT, does it affect application?

No changes in circumstances, just reached treshold and I need to register.

TIA

Comments

  • MWT
    MWT Forumite Posts: 8,881
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    As long as the effective date of the VAT registration does not mean you have to restate any of the financial information you have provided in support of your mortgage application, there should be no impact that I am aware of... 
  • Koksmanareikals
    Koksmanareikals Forumite Posts: 22
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    MWT said:
    As long as the effective date of the VAT registration does not mean you have to restate any of the financial information you have provided in support of your mortgage application, there should be no impact that I am aware of... 
    Nothing changed. Just my profits soared aboved VAT treshold.
  • MWT
    MWT Forumite Posts: 8,881
    1,000 Posts Third Anniversary Name Dropper
    Forumite
    MWT said:
    As long as the effective date of the VAT registration does not mean you have to restate any of the financial information you have provided in support of your mortgage application, there should be no impact that I am aware of... 
    Nothing changed. Just my profits soared aboved VAT treshold.

    Hopefully you mean your turnover soared over the VAT threshold, as there is no threshold on profits...
  • Koksmanareikals
    Koksmanareikals Forumite Posts: 22
    10 Posts Name Dropper
    Forumite
    MWT said:
    MWT said:
    As long as the effective date of the VAT registration does not mean you have to restate any of the financial information you have provided in support of your mortgage application, there should be no impact that I am aware of... 
    Nothing changed. Just my profits soared aboved VAT treshold.

    Hopefully you mean your turnover soared over the VAT threshold, as there is no threshold on profits...
    Yes turnover. Mention profit just in general
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