A person is a taxable person1 while he is, or is required to be, registered under the Value Added Tax Act 19942. A trader may register and thus become a taxable person either voluntarily or by compulsion3.
There are two basic tests as to the liability to be registered, the first of which is historic and the second prospective:
(1) on the historic basis, a person who makes taxable supplies4 but is not registered becomes liable to be registered at the end of any month5 if the person is UK-established and the value of his taxable supplies in the period
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234