Thanks Crugers:
The point Im making is at 37k turnover no vat is paid to vatman ..gross37k (
at 42k turnover all subject to vat @ 23% ( I realise vat rates vary 9- 23%)
However on 42k T/O .....9.6k is owed to vat man.
leaving risk taker 4.6k worse off.
I think you maybe missing something here - if your takings are for arguments sake, 37k on one business and 5k on another when you are not registered for VAT, then these takings will increase to 45.5k and 6+k when you are registered for VAT, based on a 23% VAT rate.
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