After 8 years of trading (partnership - not property related)I have just had my first visit from the VATman, no problems found.. Phew!
The VATman advised we should also include details of BTL accounts,we have 3, even though they are exempt, VATman was a little unsure of how we should provide these (we pay Flat Rate VAT).
At the end of the visit VAT man advised 'he suggested' we do not account for BTL income.
Help! this has totally confused me.
Sincerely
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