Smart Ltd began trading on 1 September 2021. Taxable turnover for the first four months of trading was as follows: 

On 1 November 2021, the company signed a contract to supply standard-rated services valued at £96,000 (before VAT) for completion during November 2021. 

Required: 

State, giving reasons, the date from which Smart Ltd was required to register for VAT and the date by which it was required to notify HMRC of the registration.

Transcribed Image Text:

September 2021 November 2021 26,000 134,000 October 2021 December 2021 47,000 113,000