What counts towards VAT registration?
VAT registration is based on the sales HMRC counts, not every payment that arrives in your bank account. That distinction matters when you use a spreadsheet export to check VAT threshold risk.
Why bank income can overstate turnover
A bank export can include transfers from savings, refunds, loans, personal payments, and other incoming money that may not count towards VAT registration. If those payments are counted, your estimate can look higher than it should.
Why bank income can understate turnover
A single account export can miss income paid into another account or records held outside that bank. If you use more than one account, review all relevant records before making VAT decisions.
Review counted transactions
The feltPro VAT checker shows incoming payments counted in the estimate. You can exclude transfers, refunds, loans, personal payments, or exempt income and recalculate before reviewing the result.
Review a spreadsheetUse this as an early warning
Treat the output as an early-warning workflow, not tax advice. If the estimate is medium, high, or above the threshold, check GOV.UK guidance or speak to a qualified adviser.