VAT-historical test

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May 29, 2011 at 1:43 pm #48742
susu123
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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
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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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