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Possibly going over the VAT threshhold
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dllive
Posts: 1,327 Forumite
Hopefully a quick/easy question to answer, and Im asking because Im erring on the side of caution because I think I know what the answer is:
For the past year Ive been trading at under the £85k threshold. However, this week I may have to invoice for work which will take me up to £87k.
Am I right in thinking this is fine because the new VAT threshold is now £90k? Or do I need to wait until May before I can go above the £85k mark?
Thanks
For the past year Ive been trading at under the £85k threshold. However, this week I may have to invoice for work which will take me up to £87k.
Am I right in thinking this is fine because the new VAT threshold is now £90k? Or do I need to wait until May before I can go above the £85k mark?
Thanks
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