VAT – future test

This topic has 1 reply, 2 voices, and was last updated 15 years ago by Tax Tutor.

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May 29, 2011 at 12:31 pm #48739
susu123
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Say, on 01/01/11 I received an order of £72,000, but it was a one-off order. After January, my turnover went back to £5000 per month, which is < £68000 p.a.. Do I need to register for VAT?
May 29, 2011 at 3:06 pm #82629
Tax Tutor
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You would have to prove that it was a one off
Probably have to register then deregister- this is probably too complicated for the exam
Hope this helps
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