05/07/09 + 07/07/10 = 1 year.

£40,878.96 + £25,920.75 = £66,799.71
(That’s Year 1’s turnover from 05/07/09 to April, plus first 3 months of the current year).

VAT Threshhold = £70,000.

Current state of mind = ohshit ohs hit shit what do i do whata do i dooo

EDIT: Panic over. Threshold includes only UK sales. Total 12 month turnover of which = £30,000. Never has a kid been so happy to make so little.