The decision maker should note the following about registration
for VAT
1) registration for VAT is required if the turnover of a
business in
any 12 month period is expected to exceed the following
levels.
From 01/12/97) ) ) £49,000
From 01/04/98) ) ) £50,000
From 01/04/99) ) ) £51,000
From 01/04/00) ) ) £52,000
2) some businesses with a turnover below this figure choose to
register in order to recover VAT spent on purchases
3) others whose turnover has only recently reached the
prescribed figure may not yet have registered
4) it is not possible to tell whether a person has
registered for VAT just by comparing the turnover of the business
with the level currently set for compulsory registration
5) t is unlikely that the information given on an
application form will enable the decision maker to tell if the
business is registered for VAT, unless the applicant
5.1) has declared this or
5.2) shown VAT as a separate item of income or expenditure.
