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VAT FRS - dropping out when invoices > £150k

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    #11
    Originally posted by ribble View Post
    I thought if you sub contracted work out and you are on FRS, the 2k vat claim back rule still applied?
    Only applies when you are buying equipment not services.

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      #12
      "when invoices > £150k" is not the same as "annual turnover limit of £150k" , you need to remove VAT from invoices to get the turnover figure

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