Vat1c Form

Instructions and help about Vat1c Form

when you register for vat you'll need to tell us your vat taxable turnover on the vat registration form or vat1 this helps us decide if you exceed the vat threshold your vat taxable turnover is the total of all standard reduced and zero-rated goods and services you sell it doesn't include any exempt supplies you make your business turnover may be one hundred thousand pounds but if thirty thousand pounds comes from exempt supplies your vat taxable turnover is 70 000 pounds you must show the amount in box 17 on the vat1 form there's more about taxable turnover in the vat1 notes and v18 notice 700 forward slash one on gov dot UK you'll find it useful to read page 9 of the vat1 notes before you complete this part of the form for question 20 you must also give us a full description of all your business activities for example what kind of goods and services do you supply goods are if you pass ownership of any movable items to another person services are if you do something other than Supply