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Posted Sun, 27 Oct 2024 00:13:46 GMT by Ieuan Williams
Hello, I’m a sole trader working in theatre. Entertainment structure has always been a bit of an oddity for HMRC. My main client makes pension contributions (as if I were an employee) as do I. My turnover this year has ramped up and as I get closer to the VAT registration threshold I don’t know if these pension contributions count as VAT exempt or “out of scope” or whether the contributions are counted as turnover and will just tip me over the threshold by April. Any advice or information that can help clarify this will be gratefully received. Thanks so much.
Posted Mon, 04 Nov 2024 10:12:03 GMT by HMRC Admin 21 Response
Hi,
If you are making taxable supplies then the key element is what constitutes your taxable turnover and what constitutes consideration for your supply
Please see the guidance below:
VATREG02300 - Basic principles of registration: meaning of taxable turnover
VATSC05100 - Consideration: Definition of consideration
Thank you.

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