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VAT registrastion

HMRC are actively reviewing businesses that have exceeded the VAT registration limited but have not registered for VAT. The VAT threshold is based on a ‘rolling 12 month’ i.e. any 12 month period NOT your accounting year. If we only see your books once a year we are unable to keep a check on this and you could be liable for fines and penalties. If you thinks your turnover is going to exceed £73,000 and you have not registered for VAT then please contact us as soon as possible so that we can do some calculations for you.

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