T
Tony
I am intending to go in to partnership with a friend
of mine from the start of November.
We are both self employed plumbers working for
ourselves and believe we can earn more working
as a partnership.
I have a turnover of £35k pa and my future partner
has a turnover of £31k and neither of us is currenly
registered for VAT.
Since our combined turnover is likely to be over
£61k over the next twelve months, do we have to
register for VAT immediately or can we wait until
1 April 2007 and voluntary register at that time?
Thanks - Tony.
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of mine from the start of November.
We are both self employed plumbers working for
ourselves and believe we can earn more working
as a partnership.
I have a turnover of £35k pa and my future partner
has a turnover of £31k and neither of us is currenly
registered for VAT.
Since our combined turnover is likely to be over
£61k over the next twelve months, do we have to
register for VAT immediately or can we wait until
1 April 2007 and voluntary register at that time?
Thanks - Tony.
--