R
roaanka
Guest
Hi I am self-employed sole trader in construction industry.
I also rent out a property as residential let.
I know that residential let is treated as a business which is exampt from VAT.
But do I include the rental income into my business turnover when establishing the turnover for VAT registration (VAT threshold - 70k).
Many thanks for help
I also rent out a property as residential let.
I know that residential let is treated as a business which is exampt from VAT.
But do I include the rental income into my business turnover when establishing the turnover for VAT registration (VAT threshold - 70k).
Many thanks for help