I'm looking for some advice, I've been on a self-billing contract for a while and not been keeping a close eye on my company turnover and I think now that I have gone over the VAT threshold sometime in Jan/Feb 2016. I'm looking at the HMRC website to register for VAT and it is asks if I believe I've already gone over the threshold which I'm obviously going to have to put yes too but I'm wondering what the consequences of this are going to be?
Am I going to have to pay VAT from the time I went over the threshold even though I haven't charged my client VAT on those invoices?
If yes, its also my understanding you cant start charging VAT on your new invoices until you receive your VAT registration number, if that's the case then the invoices I issue in the next few weeks are going to be without VAT also and I'll still have to pay VAT to HMRC?
Thanks in advance