Sex Laws Info

VAT

If you turnover (ie gross income) exceeds the VAT threshold in the last 12 months, then you must register for VAT and charge your customers VAT. The figure is currently £67,000 but changes from time to time

For more details see the Revenue & Customs's website guide: http://www.hmrc.gov.uk/vat/index.htm  or seek advice from an accountant.

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