VAT Registration a measure of our success
Since we started trading in 2005, Krann Ltd has gone from strength to strength with year-on-year increases in turnover.
By law, all companies with a turnover of over £70,000 must register for VAT (see http://www.hmrc.gov.uk/vat/start/register/when-to-register.htm) and Krann Ltd is no exception.
So in 2010 we registered for VAT ( VAT Registration Number: 992 9558 48) and this number will now appear on all our invoices with VAT as a line item.
Yes, it does make our services 20% more expensive, but as most of our business is B2B we have found the vast majority of customers are able to claim back the VAT element on their purchases from us.