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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › VAT – Annual accounting & Cash accounting Scheme
Sir,
The exit limit for the both schemes is mentioned as 1.60 Million of Annual turnover . This is exclusive of VAT or inclusive ?
The entry limit of 1.35 Million is clearly mentioned as Exclusive.
Kindly clarify
Exclusive
