Selling more than £73,000 but not yet registered for VAT?

[seamus]

VAT rule-breakers have until 30 September to register to pay what they owe under an HM Revenue & Customs (HMRC) campaign. The new campaign focuses on individuals and businesses trading above the VAT registration threshold – a turnover of £73,000 – but who have not registered.

source: http://www.b2businesshub.com/public/selling-more-%C2%A373000-not-yet-registered-vat-hmrc-are-your-case

[Andy c]

is that a lifetime threshold ..I would love to earn that in 10 years let along 1 year

[seamus]

thats the total turnover for one year, not profits

to be honest an average business with that turnover would probably only be pulling in about £25K a year net profit (depending on the type of business and overheads)