The number of registrations increased by 14,200 (8.1%) between 2002 and 2003, exceeding the number of de-registrations which rose by 10,400 (6.4%) over the same period.
The overall VAT-registered business population increased by 15,500 (0.9%) during 2003, according to the government’s Small Business Service.
It is widely understood that VAT registration figures give an indication of the level of entrepreneurship and general health of the business population.
But they do not give the whole picture, as start-ups only need register for VAT once their turnover exceeds £56,000. Also, de-registering does not necessarily mean company closure.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016