Hi leshoward, We will likely have a turnover far below £1.35m, does it mean we can immediatly apply for annual accounting? Would this VAT Return be considered as accounting for the LLP or is there an additiaonl TAX Return for the LLP at the year end?
Would the annual income tax reaturn you mentioned be the individual members self-assesment at the year end?
Assuming the member is not taking out any salary/income from the LLP; would the annual income tax reaturn be zero as well?
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