So it’s been a long time coming - and many, many hours of work went into this from the VAProMag team (Jo and Steph) and a little bit from myself gathering and sharing data but we’ve finally managed to get a concession for VAs offering small amounts of bookkeeping…
So basically this is for VAs with a small turnover (potentially start ups/part-time workers) who do the odd bit of invoicing/reconciliation for existing clients. NB: The work must be checked by a qualified accountant (either as you go or at year end) and you cannot advertise bookkeeping services if you claim this exemption.
Obviously it depends on your turnover, but the max bookkeeping work you’d be able to do is £125/month (5 hours?) or £1,500 a year… so it isn’t a big amount.