Vat

I understand what you mean. I think I prefer the idea of flat rate at the minute as just looked in to it and its 9.5% at present but will have to book an appointment with my accountant to she what she says before I commit to anything as I don't really understand all the account side.

 

I've always seen it as being a tax man myself to.

 

Oh yeah, its a killer every quarter, now its got to be done online you dont even get a reminder, no doubt trying to catch you out so they can fine you for late payment.
what do you mean by 1/4?

 

They are all vat registered so would make no difference to them.

 

unpaid......

 

when i bought my van i made sure that the invoice fell in the end of my quarter = 1/4 to claim it back

 

Do you supply and fit out of curiosity ?

 

if you do your own as i do, you can request an email reminder, it comes a couple of weeks before the end of that 1/4, have a look and you will see a button to request it..

 

Got mine last year, actually had a refund that 1/4

 

I know they should pay me 25% for my hard work lol. All the paperwork etc

 

I used mine against the deposit

 

Used my old van, changeover needed to be quick so couldn't afford to sell privately.

 

mine went in too. Did you know that if your accountant says that your van is only worth say a £1000 on the books and you sell it for £1500 you pay tax on the profit you made ie the £500

 

Yeah thats why its better to get a low px and lower price on the new van. rather than think ooh! thats a good px price and pay more on the new one. Last van was 6 years old, I had never kept one longer than 3 b4.

 

Yeah on my own domestic work which comes in fits and bursts, usually when I don't have time for it

 

Just saw this post, thanks for that, I'll log on and try and find it later.

 

I've just got in with a company where I'm supplying and fitting so that's what made me think of going vat. The other companies I work for they supply and I fit. Just in two minds at the minute as I will have to charge the vat. Either that or I pass on details for this new company to do the same IE. me fit they supply so they can claim the vat back which I don't really want to do as I'm getting bigger jobs from them now.