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.
Likes (Received). 13. Assuming that you are self employed, your turnover should be net of VAT on the self employment pages. If you are referring to the corporation tax return, it is again the same (turnover net of VAT).The net turnover will be gross sales less flat rate VAT amount.hat is also correct (box 29 bit). You can either enter in the turnover net of VAT or the gross turnover and then VAT payment in box 29 or repayment in box 15. Originally Posted by mmoalem. hi there and thanks for the reply.