http://www.companyformation.com/blog News, Features and Tax Tips from Exchequer Sun, 05 Sep 2010 18:37:32 +0000 http://wordpress.org/?v=2.5.1 http://www.companyformation.com/blog/?p=75#comment-339 John Hughes Mon, 28 Jun 2010 08:58:14 +0000 http://www.companyformation.com/blog/?p=75#comment-339 From 01/04/2010 the threshold is now £70,000 and is for the amount of sales made in total. So if make a 1001 sales of £70 in 12 months then would need to register. From 01/04/2010 the threshold is now £70,000 and is for the amount of sales made in total. So if make a 1001 sales of £70 in 12 months then would need to register.

]]> http://www.companyformation.com/blog/?p=75#comment-338 Jon Kington Mon, 28 Jun 2010 07:17:17 +0000 http://www.companyformation.com/blog/?p=75#comment-338 The threshold mentions £68000. Is this figure exc vat or inclusive of vat ? The threshold mentions £68000. Is this figure exc vat or inclusive of vat ?

]]> http://www.companyformation.com/blog/?p=75#comment-277 John Hughes Thu, 25 Mar 2010 13:50:50 +0000 http://www.companyformation.com/blog/?p=75#comment-277 Yes you are correct. It is only from the registration date that you have to charge VAT and account for it. you do not have to charge VAT on sales previously made but you may be able to recover significant amounts of input VAT back on stock still held and equipment purchased. Yes you are correct. It is only from the registration date that you have to charge VAT and account for it.
you do not have to charge VAT on sales previously made but you may be able to recover significant amounts of input VAT back on stock still held and equipment purchased.

]]> http://www.companyformation.com/blog/?p=75#comment-276 Colin M Day Wed, 24 Mar 2010 11:54:23 +0000 http://www.companyformation.com/blog/?p=75#comment-276 Once sales are expected to exceed the VAT threshold in any consecutive 12 month period VAT registration should take place, and VAT should be charged on all goods and service supplied from that date, but not back dated on goods or services provided before the Registration date. Am I correct? Further, must VAT be charged on goods or services previously advertised exempt of VAT? Once sales are expected to exceed the VAT threshold in any consecutive 12 month period VAT registration should take place, and VAT should be charged on all goods and service supplied from that date, but not back dated on goods or services provided before the Registration date. Am I correct?
Further, must VAT be charged on goods or services previously advertised exempt of VAT?

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