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

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Hi all ,

Happy new year!

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

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  • Petana
    Petana Registered Posts: 72 Epic contributor 🐘
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    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
    topcat Registered Posts: 452
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    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:
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