The CIOT and ATT have issued updated Engagement letters guidance (2nd May 2018). The update includes some new schedules and the schedules have been updated where required to reflect technical changes. They should also assist members with client engagement letters under the new data protection rules which come into force on 25th May 2018.
If the taxable turnover of a business in a 12-month period exceeds the VAT registration threshold that business must register and account for VAT. The UK VAT threshold is currently £85,000 until March 2020, the highest in the EU and the OECD.