nick0412 said:
u charge what it has cost u, ie £8 plus vat, so £1880. if u want a profit which u should then about £2000.
but ur invoice must just be £1880/£2000 no vat.
then u get ur vat back on the materials which u pocket, plus any profit u put ontop
Being VAT registered is for your benefit. If I'm doing a zero rated job, my material charge will be what I have forked out for it, including the vat. Same with vat rated jobs. Materials plus vat, plus labour, plus vat on the lot. If I don't get the job, hey ho. If I do, then i'm making 17.5% on materials.
I'm doing a job for a developer at the moment who thinks i'm going to supply my materials at net. Dream on mother(french word)er.