Scoobydoobydoo
Registered User
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- 63
Hi All,
My OH operates a sole trader generating a small income each year, she is well within current VAT threshold limits. (Agri industry)
If she starts receiving an income from short term letting, does that income need to be included when calculating the VAT threshold?
Or is the VAT limit calculated per trade?
I have searched the AAM site (& other sites) for guidance but only managed to find 1 post covering the topic from 2010 so I am not sure if it is still accurate.
(perhaps I am not using the right key words in my search)
Thanks
My OH operates a sole trader generating a small income each year, she is well within current VAT threshold limits. (Agri industry)
If she starts receiving an income from short term letting, does that income need to be included when calculating the VAT threshold?
Or is the VAT limit calculated per trade?
I have searched the AAM site (& other sites) for guidance but only managed to find 1 post covering the topic from 2010 so I am not sure if it is still accurate.
(perhaps I am not using the right key words in my search)
Thanks