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VAT-historical test

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › VAT-historical test

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 29, 2011 at 1:43 pm #48742
    susu123
    Member
    • Topics: 21
    • Replies: 17
    • ☆

    Hi, say, Kate started to trade on 01/11/10 and the taxable supplies of

    Nov 10 was £5000
    Dec 10 was £25000
    Jan 11 was £69500

    I am not sure what happens if the cumulative taxable supplies are over £70,000 in less than 12 months. I made a guess:
    Notification: by 02/03/11
    Effective registration date?01/03/11
    Is that right? Thanks.

    May 29, 2011 at 3:03 pm #82630
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    If cumulative taxable supplies are more than £70000 in less than 12 months then she has to register
    Hope this helps

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