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Definition
VAT taxable turnover is the total value of everything a business sells that is not VAT-exempt — the figure measured against the registration threshold. It includes standard, reduced and zero-rated sales.
In plain terms
It is the slice of your sales that counts for VAT registration. Genuinely exempt sales are left out, but zero-rated sales are included even though they carry no VAT.
Why it matters for your company
Watching your rolling VAT taxable turnover tells you when you must register — cross the threshold in any 12 months and registration is compulsory. Miscounting it (forgetting zero-rated sales count) is a common cause of late registration.
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