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Sex Laws Info
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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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Last Updated on Sunday, 03 May 2009 21:03 |