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Thanks everyone for your advice. The book keeper is saying we should register for VAT based on the predicted increased turnover from previous years but as I said, we plan to not take on any more clients. Their other reason is that HMRC will insist we are VAT registered as we are so close to the...
My partner and I run a small dog walking business and our turnover last year was £88k. We are being told by our book keeper that we should register for VAT even though we haven’t reached the threshold of £90k. Getting conflicting advice. We won’t be going over the threshold next tax year as we...