Legal Definition of caveat emptor. : a principle in commercial transactions: without a warranty the buyer takes the risk as to the condition of the property or goods â compare products liability at liability 2b, warranty.
Calculate VAT taxable turnover. taxable turnover is the total value of everything you sell that isnât exempt from. . You must register for. with HM Revenue and Customs (. ) if it goes over the current registration threshold in a rolling 12-month period.This isnât a fixed period like the tax year or the calendar year-it could be any period, eg the start of June to the end of May. The current threshold is Â£82,000.ou must register for. with HM Revenue and Customs (. ) if it goes over the current registration threshold in a rolling 12-month period. This isnât a fixed period like the tax year or the calendar year-it could be any period, eg the start of June to the end of May. The current threshold is Â£82,000.
De-register For VAT. 1  You may de-register if your taxable supplies are less than the de-registration limit â Â£80,000 from 1 April 2015.t normally makes sense to de-register if the value of taxable supplies is below the limit, and: 1  Most of your sales are to customers who are not VAT-registered, or. 2  Most of your sales are cash â for example a restaurant or shop, or.