does the registration limit for VAT of £77000 include vat or exclude?

topcat

Hi all ,

Happy new year!

does the registration limit for VAT of £77000 include vat or exclude?

Petana

Hiya,

happy new year to you too.

It is taxable turnover VAT exclusive. You would add standard + reduced + zero-rated supplies and deduct any exempt supplies to get to the taxable turnover number.

P.

topcat

Petana wrote: »

Hiya,

happy new year to you too.

It is taxable turnover VAT exclusive. You would add standard + reduced + zero-rated supplies and deduct any exempt supplies to get to the taxable turnover number.

P.

thank you very much indeed :001_smile: