2. Don Ltd, a UK company, started trading on 1 January 2020 but has not registered for VAT. Company sells goods falling under standard rated, zero rated and exempt categories, as mentioned below: Standard Rated Sales Zero Rated Sales Exempt Goods sale January 2020 15,000 5,000 3,000 February 2020 25,000 5,000 4,000 March 2020 30,000 8,000 6,000 April 2020 30,000 10,000 7,000 May 2020 40,000 10,000 8,000 June 2020 50,000 12,000 10,000 July 2020 55,000 15,000 12,000 Don Ltd sold a piece of Plant and machinery for 5,000 in the month of March 2020, which is included along with the Standard Rated sales figure given in the above table. Explain and discuss, when Don Ltd must notify HMRC and when it is required to register for VAT. Substantiate your answer with calculation and explanation. (Word count around 300 words)