Question：Bacon's Bacon Ltd makes taxable supplies but to date has been below the VAT registration threshold. On 1 October 2012 they signed a contract for a £40,000 order which will commence on 1 January 2013 and will increase the taxable turnover to £78,000 per annum.
　　From what date are they required to notify the company's liability to be registered for VAT?
　　A. 1 January 2013.
　　B. 30 days after the month end in which his turnover for a preceding period of up to 12 months exceeds £77,000.
　　C. 1 November 2012.
　　D. 1 October 2012.
　　The correct answer is:30 days after the month end in which his turnover for a preceding period of up to 12 months exceeds £77,000.
　　Question：A person making taxable supplies becomes liable to register if at the end of any period of up to 12 calendar months, the value of taxable supplies exceeds £77,000.
　　The person becomes liable to register within 30 days of the period.
　　Registration under the future supplies rule means that a person is liable to register if there are reasonable grounds for believing that his taxable supplies in the following 30 days (eg between 1 October 2012 - 30 October 2012) will exceed £77,000.