Dumb noob question - turnover ?

[Nixon Williams]

Thanks.

What happens if your turnover is over or under the estimate? Just talking here about if you work more or less hours than expected.

Also do you have to update HMR&C and/or the insurance companies should the turnover change, or is it only if it it goes over or under certain values?

By all means advise your insurance company but there is no need to advsie the Revenue/VAT etc. The estimates are so they can get some idea how big the company is, there are no penalties for under/over estimating your turnover when you apply for VAT etc.

Alan

[MarillionFan]

"The estimates are so they can get some idea how big the company is, there are no penalties for under/over estimating your turnover when you apply for VAT etc."

Spoilsport.

[Nixon Williams]

"The estimates are so they can get some idea how big the company is, there are no penalties for under/over estimating your turnover when you apply for VAT etc."

Spoilsport.

Sorry, but I did check, it is not April 1st!

[DeadKenny]

Err, right. Okay. Nevermind.