Would the rolling turnover figures provided demonstrate that I would be eligible for the Flat Rate Scheme?
For a few months I went above £150,000 turnover exc. VAT but it was temporary. Will this affect eligibility?
I'm a small business and am still trading on eBay but have decreased trading frequency until I sort out this VAT registration issue.
When HMRC ask on the VAT registration application form what your expected turnover will be for the next 12 months, where would this figure be derived from? An educated guess or do they need some sort of proof? I'm guessing it will be over £85,000 inc. VAT.