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In the UK, businesses must register for VAT if their taxable turnover exceeds £85,000 in a 12-month period. If a business's turnover is below this threshold, it is not required to register for VAT, although it can choose to do so voluntarily. It's important to keep track of your turnover regularly to ensure compliance with VAT regulations. Different countries may have varying thresholds, so it's advisable to check local regulations if you're outside the UK.

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1mo ago

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What is the asset turnover ratio used for?

The asset turnover ratio is used to calculate how effectively a company is using it's assets to encourage production. If the asset turnover ratio is high, the assets are being used effectively. If the ratio is low, the assets could be used more productively to facilitate production.


What is the average turnover in medical sales?

The average turnover rate in medical sales typically ranges from 15% to 25%, depending on various factors such as company culture, market conditions, and the specific product being sold. High-performance expectations and competitive environments often contribute to turnover in this field. Additionally, factors like job satisfaction and career advancement opportunities can also influence retention rates among medical sales professionals.


Why might a high staff turnover be a concern to parents?

High staff turnover can be a concern for parents because it may indicate instability in the learning environment, which can negatively impact their children's education and emotional well-being. Frequent changes in teachers or caregivers can disrupt established relationships and hinder consistent teaching methods, making it harder for children to thrive. Additionally, high turnover may suggest underlying issues within the institution, such as inadequate support or resources, raising concerns about the overall quality of care and education provided.


Is a VISA Credit Card being used as 'Debit' if you use a pin?

No - its still a credit transaction. The PIN is simply used to verify you are the registered owner of the card.


How do you mail your bankruptcy forms?

You are not legally allowed to do this, the papers must be handed over in person by the individual for whom the bankrupcy proceedings are being filed.

Related Questions

Can you trade a car without it being registered?

Yes, as long as you have the title or transfer of ownership registration.


Can we hold charity collections if we are not registered?

The advantage of being a registered charity is that you can give people receipts for their donations, which can then be used in claiming a deduction on their income tax. You can collect charitable donations without being a registered charity, but the money donated to a charity that is not registered doesn't count for the purpose of income tax deduction.


Are handguns ban in New Zealand?

All firearms owners or users in New Zealand are required to be registered - these records being held by the Police. As for handguns, I understand that these are allowed to registered members of a registered handguns club, but there are strict regulations regarding where and how they may be stored.


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It depends upon the jurisdiction, but in general: fines and/or jail time.


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Sure you can, just like insuring any other personal property.


What is the significance of an item being Registered with the US Patent Office?

So no one can infringement rights to royalties, meaning that you have a trade make pantent registered with the US patent office and no more is allowed to sell this exact work to another ....


Can you trade in a vehicle in California without the registration?

In most states, you can trade in the vehicle without it being registered. However, you do need a TITLE to prove that you own the vehicle.


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As long as it is titled in your name, you can sell it without it being registered.


Can a guest stay with you if you book a hotel room for one person?

Typically, hotels have policies that require all guests staying in a room to be registered at check-in. This means that if you book a hotel room for one person, it may not be allowed for an additional guest to stay with you without being registered and possibly incurring an extra fee. It's best to check with the hotel directly for their specific policies on this matter.


Can you get car insurance without the car being registered?

Yes. Most insurance will refer to the car by VIN number, and not by license plate.


Can you pay tax without being registered?

Certainly. You pay indirect taxes all the time. For instance sales tax on the goods you buy.


Can one vote republican being a registered democrat for the presidential cantidate in November 2016 in Kentucky?

In Kentucky, registered Democrats were allowed to vote in the presidential primaries for their party. However, in the general election in November 2016, registered voters, regardless of their party affiliation, could vote for any candidate on the ballot. Thus, a registered Democrat could indeed vote for the Republican candidate in the general election.