VAT Threshold - calendar year or rolling 12 months

Discussion in 'Askaboutbusiness' started by tecate, Jan 11, 2018.

  1. tecate

    tecate Frequent Poster

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    As per the thread title, I traded on a part time basis (I work full time PAYE) last year. I reached the VAT threshold at the end of the year.

    Do I start with a fresh VAT threshold allowance from Jan 1st or is it on a rolling 12 month basis?
     
  2. Joe_90

    Joe_90 Frequent Poster

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    2,222
    It’s when you expect your turnover in the next 12 months will exceed the threshold so rolling.
     
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  3. peemac

    peemac Frequent Poster

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    tecate likes this.
  4. 24601

    24601 Frequent Poster

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    What if you're managing your income to stay below the threshold but end up exceeding it anyway. Is the VAT chargeable from the moment you go over?
     
  5. dublin67

    dublin67 Frequent Poster

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    98