NWalsh
I am a new business with my first client ( a well established business) and about to invoice them 50k. Should I charge VAT to them now as I am under the threshold? I don’t expect to exceed 85K in 12 months.   

What is the VAT rate for consulting services? 
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VAT-adviser
Well you are not required to register for VAT. 

You are required to register for VAT if past 12 months sales are above the threshold of £85k or if the next 30 days alone, you will breach the threshold.

If your case none of these two tests apply.

However, you can register for VAT voluntarily if you see the benefits outway the costs (usually for business with more costs than revenue, hence will claim VAT than pay)

Regards
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