20th June 2009, 05:45 PM
The VAT threshold is on the turnover of business income (which is different to personal income) so by the time you have added kit, machine hire, sub contractors and specialists, materials it would be relatively easy to reach the threshold.
The HMRC web sites are quite comprehensive and it is all straight forward but as I keep on saying get professional advice on these matters if you are not sure.
Peter
The HMRC web sites are quite comprehensive and it is all straight forward but as I keep on saying get professional advice on these matters if you are not sure.
Peter