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VAT(Compulsory Reg’n)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › VAT(Compulsory Reg’n)

  • This topic has 3 replies, 2 voices, and was last updated 6 months ago by Sourav9271.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • November 29, 2021 at 2:51 am #641968
    Sourav9271
    • Topics: 157
    • Replies: 103
    • ☆☆☆

    Sir,
    Under historical t/o , taxable supplies in previous 12 month should exceed 83k

    However under future t/o it’s matter of just 30days..
    Why it isn’t 85k following 12 months.and just 30 days.

    Also sir
    If taxable supplies would exceed due to seasonality then should we get registered?

    December 20, 2021 at 10:54 am #644593
    Tax Tutor
    • Topics: 2
    • Replies: 3929
    • ☆☆☆☆☆

    As in other replies to different tax questions, tax is about learning and applying what the rules ACTUALLY are – not what you think they should be!
    Learn and apply but don’t ask why!
    If one day you become chancellor of the exchequer then you will have your opportunity to choose the rules!
    Seasonality is not the issue – either the limits are exceeded for the periods in question or they are not – learn the rules in your study notes.

    December 20, 2021 at 10:54 am #644594
    Tax Tutor
    • Topics: 2
    • Replies: 3929
    • ☆☆☆☆☆

    ps my apologies for not being available until now to answer your question

    December 22, 2021 at 11:40 pm #644714
    Sourav9271
    • Topics: 157
    • Replies: 103
    • ☆☆☆

    Thank you sir,

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    Posts
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