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Big Ltd acquired the rights to sell miniature televisions in the UK. The company was formed on 2 July 2012 and obtained the marketing rights on 3 July 2012. Its budgeted turnover for the first 12 months is as shown below.
Turnover is expected to arise evenly within each quarter. By what date must the company inform HM Revenue and Customs of the need to register for VAT? A. 30 January 2013 B. 2 August 2013 C. 31 July 2013 D. 3 July 2013 |