Future / historic method

Nikita_S
Nikita_S Registered Posts: 2 New contributor 🐸
in Tax Processes for Businesses
Hello,

for some reason I am struggling to get my head around how to work out the future test and historic methos for the tax processes for business

Comments

  • anony123
    anony123 Registered Posts: 553 Epic contributor 🐘
    This may have changed slightly to when I did it. So the historic. Check within the last 12 months, if the amount roughly comes above £85,000 then they need to be VAT registered. I think the future test, is to see in the next 30 days, if they are going to make over 85,000 then they should be registered.

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