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---- Help and Advise needed on VAT issue


Shak - 5:05 pm on Jul 7, 2003 (gmt 0)


Linda,

as such you have nothing to worry about if you are under the VAT threshold.

however at the same time you are losing 17.5% on many of your purchases, which in effect you could be claiming if you were VAT registered.

in other words, you HAVE to be registered when you reach/hit the threshold, but you CAN register earlier and claim VAT back on the purchases.

as for the whole 1st July thing, I will let someone else give the finer points...

Shak


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