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  1. R

    Surpassed £85,000 VAT threshold selling second-hand goods - how shall I go about managing the implications? 23 y.o total accounting novice.

    @coffeedrinker You don’t have to pay VAT on the profit you made during the £85000 of sales. You only have to pay from then onwards (assuming you register in the 30 days after going over the limit).
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