Didn’t realise I exceeded the TVA threshold, now what?

PaulD

22 Aug 2019 at 16:45 · Viewed 694 times

I am a micro-entrepreneur in IT consultancy.

I believe that a VAT threshold was introduced last year (32,500, I think). I was unaware of this change until last week. Last year I made (and declared) just over 53k. This year I have just passed 36k. I am surprised that I have received no official notification that I need to register for TVA, but I assume that I must now do this and charge TVA. Since it appears that I should have been TVA registered since last year, do you know if I will face any penalties? Will I be forced to re-issue all my invoices? Any advice, please?

Thanks,

Paul

Answered