VAT or not to VAT?
- Thread starter David2820
- Start date
D
Deleted member 23452
Guest
The benefits or drawbacks depend on the type and volume of work you do. If you don't buy a lot of materials tools and so on then you'll just be a tax collector. If you do lots of low value jobs it only makes a small difference, but it makes a disproportionate difference to jobs of a grand and up.
I would suggest that you have a chat with your accountant and get them to run the figures.
I would suggest that you have a chat with your accountant and get them to run the figures.
Dansouthcoast84
Private Member
if your work is builders developers then yes as they will be vat so.makes no difference to them
if its bedroom and halls your doing then no
if its bedroom and halls your doing then no
lurpak
Artex Boy
Incorrect, I get clients to pay for materials on any job where it’s over £200. No cheating, breaking no laws, and certainly no thieving
Actually I’d rather another fine Scottish drink a cold iron bru from the bottle with a nice macaroon to munch on, made from the town of Coatbridge where my family are from or was sadly.
i was reg. for vat years ago and it was good. for 1 days work filling in the form i could earn myself a few hundred pounds.
it became a nightmare when i bought and sold building land, as i was earning a higher percentage from land then plastering they claimed that as i was vat reg. i should have charged vat on the land sales, after umpteen court appearances i ended up with a large vat bill.
as the vat office failed to make any more money out of me, after a while i was offered the chance to deregister. which suites me as now i only carry out plastering for private customers.
it became a nightmare when i bought and sold building land, as i was earning a higher percentage from land then plastering they claimed that as i was vat reg. i should have charged vat on the land sales, after umpteen court appearances i ended up with a large vat bill.
as the vat office failed to make any more money out of me, after a while i was offered the chance to deregister. which suites me as now i only carry out plastering for private customers.
