(a) Jim is a sole trade r with a taxable turnover of 7 5,000 per annum. Is...

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(a) Jim is a sole trade r with a taxable turnover of £7 5,000 per annum. Is he required to register with HMRC?

(b) Pearl and Dean are in partnership, operating a business with a taxable turnover of £100,000 per annum. Is anyone required to register?

(c) Julia is a sole trader with a taxable turnover of £6 0,000 per annum. She is also in partnership with Julie, operating a business with a taxable turnover of £70,000 per annum and sharing profits equally. Is anyone required to register?

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Question Posted: Feb 07, 2024 08:28 AM

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(a) Jim is a sole trade r with a taxable turnover of 7 5,000 per annum. Is...

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a No Jims taxable turnover does not exceed the registration threshold bYes The partnership of Pear...View the full answer

Taxation Finance Act 2017

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