Hi,
I am currently studying the VAT part of the syllabus for TX-UK.
My question is how do we know whether to use the historical turnover test or the Future turnover test? You can apply either test to the questions and the questions do not state what method they want you to use? Or am I missing something here?
Thanks,
Mo
ACCA Forums
TXVAT
I think it will depend on question as both tests are applicable.If either threshold has been breached or expected to be breached in next thirty days then registration is mandatory.The following link may help you but please check if these are applicable thresholds for exam you are sitting-
https://www.gov.uk/vat-registration/when-to-register
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