A friend earned over the VAT registration threshold last year and for a number of personal reasons did not get around to registering for VAT yet. Will there be a penalty if he registers now and pays the VAT?
Tks
Thanks, I will let him know. He really was not acting the twit and wants to sort it out so he will be relieved to hear this.
Thanks WizardDr, he is aware that VAT is due on the full amount. I have also advised him to see an accountant and I believe he is doing so this week.
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