malvolio all your base are belong to me
Gross turnover is the measure. Any income (not loans) you receive from whatever source that reaches your UK-registered company's account in any given trading year - so that's mostly invoices but also interest earned, dividends received, bonuses, legal payments, whatever. Once that hits the threshold of £64k (? I think...), you have to be VAT registered.
Originally Posted by ittony
Don't really follow your exmaple - if you do £60k of work and put £10k of it overseas, your gross is £50k, but if you sell someone £60k of your effort and £10k of someone else's then it's £70k.
And VAT is not your money anyway. There's no reason at all to try and avoid it and a lot of reasons why you shouldn't.
Blog? What blog...?