VAT Threashold + Registration

Discussion in 'Accounts & Finance' started by Brennerz, Feb 9, 2018.

  1. Brennerz

    Brennerz UKBF Regular Free Member

    143 19
    (title should obviously be Threshold.)

    Hi,

    I was just wondering about the time period relating to reaching the threshold.

    For example if I start trading In January 2018 as a sole trader and don't reach £85k turnover before April 5 2018. Does the £0-£85k restart from April 6th 2018 to April 5th 2019.

    Or is it simply, 12 months from the date you started trading? e.g. January to January.

    Or from this date, in the last 12 months I have turned over 85k, therefore I should register.

    Kind Regards,

    Brendan
     
    Posted: Feb 9, 2018 By: Brennerz Member since: Apr 9, 2013
    #1
  2. The Byre

    The Byre UKBF Ace Free Member

    7,584 2,950
    It is ANY time in any 12 month period. i.e. not your financial year or a calendar year.
     
    Posted: Feb 9, 2018 By: The Byre Member since: Aug 13, 2013
    #2
  3. STDFR33

    STDFR33 UKBF Big Shot Free Member

    3,552 861
    It's in a 12 month period on a rolling basis.
     
    Posted: Feb 9, 2018 By: STDFR33 Member since: Aug 7, 2016
    #3