5th May 2012, 09:03 AM
Wax Wrote:looked at Unit's VAT thread, simple answer as a sole trader an archaeologist is unlikely to reach the turn over required for VAT registration.
We have been here before. VAT liability is based on turnover not income. Assuming you charge a reasonable rate as a self-employed archaeologist (lets say something in the region of ?200 per day) you wouldn't need to incur very many extra charges (machine hire, facilities hire etc etc) to be pushing the VAT registration level (?77000 pa)...so actually many many sole trader archaeologists could be liable for VAT....
With peace and consolation hath dismist, And calm of mind all passion spent...