Accountant Not VAT Registered

**malvolio** · 8 December 2011, 13:46

Originally posted by kaiser78 View Post

My accountant who I have been using for the 1st year this year is not VAT registered. Does this merely indicate he operates within the VAT threshold, or is there another reason why he would choose not to be registered ?

It only means his turnover is less than £72,000 a year. Or you're using an accoutant that doesn't know one of the basic laws of tax accountancy...

**TheFaQQer** · 8 December 2011, 13:52

Originally posted by malvolio View Post

It only means his turnover is less than £72,000 a year. Or you're using an accoutant that doesn't know one of the basic laws of tax accountancy...

<pedant>
It means that his VATable turnover is less than £72k a year
</pedant>

**Craig@Clarity** · 8 December 2011, 15:42

WTFS and possibly WMS

Just an small note - The VAT registration threshold is £73,000 or if this limit is breached in the next 30 days.

**malvolio** · 8 December 2011, 15:47

Originally posted by Craig@InTouch View Post

WTFS and possibly WMS

Just an small note - The VAT registration threshold is £73,000 or if this limit is breached in the next 30 days.

Oops. Quite right, it was a typo.... Honest....

**Craig@Clarity** · 8 December 2011, 15:53

Originally posted by malvolio View Post

Oops. Quite right, it was a typo.... Honest....

Totally believable. The 2 key is next to the 3 key after all

Accountant Not VAT Registered