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If the above describes your situation you should register now, and note, you will owe VAT on all sales made from the date you should have registered. Your customers may accept amended invoices charging them VAT, and pay you the VAT you should have charged them. If they don’t, or your customers are in retail, it could cost you 1/5 of your sales backdated to when you should have registered.
When you do register you will also be able to claim back VAT on your business purchases and expenses from the registration date – and possibly up to four years earlier on some items.
Read more here: https://www.ams-accountancy.co.uk/blog/ive-been-over-the-vat-threshold-for-over-6-months-without-registering-what-should-i-do-2/
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