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Hello - just wanted to know if someone could answer this query . We are nearly at the end of our first year as a private limited company (a pre-school) should we be registered for paying VAT or is there an exemption because the turnover we have is generated from fees /NEG and has no VAT ? Diz

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Hi,

 

Childcare is exempt from VAT therefore we cant charge it on our services or reclaim it, you dont need to register for VAT whatever your turnover.

 

Julie

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