Forum

VAT Registration levels.

I here that the government have plans to reduce the VAT registration level from its current level of £84,000 to £15,000 (or lower), which means that just about every business in the country will have to register and account for VAT.

The UK has the hig

Read more…

Invoices (receipt, invoice, vat) help.

Hi everyone,My apologies for not posting for a while, I have been really busy.The issue I have just come across is incoice/receipts.So we issue a quote to a customer and they accept.We then take a deposit payment to cover material cost and give them

Read more…

Awareness of VAT rules ?

According to Economia research,  36% of the UK's smallest businesses are unaware of the rules governing VAT thresholds.

"A third of the UK's smallest businesses are unaware of the rules governing VAT thresholds, recent research has revealed.

This lac

Read more…

Support Cut the VAT campaign

Why reduce VAT?

By charging 20% VAT on all home repair, maintenance and improvement work the Government is exacerbating a number of serious social, economic and environmental problems.

Instead introducing a reduced rate of VAT for all home repair and

Read more…

SMEs face more HMRC pressures

It is a concern to note that HMRC are to delve deeper into the affairs of SMEs with the potential cause more financial misery.

In today's Independent:

Crackdown on small firms, a blind eye for big business

The tax office faced accusations of double s

Read more…

For those that are VAT Registered.....

FYI - Useful VAT article from a business pundit - they're determined to get us - honest mistakes or not.....

VAT errors - to disclose or not to disclose?

Since April 2008, H M Revenue & Customs have been working to a single set of penalties across al

Read more…

How to avoid duping by VAT fraudsters: Money Saving Expert

Here's a new twist on how VAT payment are abused. Source: Moneysavingexpert.com How to avoid duping by VAT fraudsters Consumers should beware firms that illegally charge VAT and then pocket the cash meant for the taxman. Some companies use a false VA

Read more…

2011 - a new year, new business challenges and the need for wellbeing

There's no doubt that 2010 was a difficult year for many people and I think, if we are honest with ourselves, 2011 is likely to be just as challenging but perhaps the challenges will be a different set? With a collective spirit and a continued sharin

Read more…

VAT

With the imminent VAT rise due it would seem that part of my Christmas break will involve reworking the seriousgardener and fenlandironworks websites, as our prices are VAT inclusive. In an ideal world I would absorb the increases but fuel increases

Read more…

Charging VAT as a subcontractor?

Scenario: VAT registered Grounds Maintenance Contractor subcontracted to VAT registered Main Maintenance Contractor( who operate on flat-rate scheme, if that makes a difference) to upkeep grounds for Residents Association through a Factor.  Residents

Read more…

Vat registration looms

Hi all,We're quoting on a project today which, should we get it, will take us over the £70k VAT registration limit.This will obviously mean a 17.5% uplift in our prices, which is not great for our competitiveness. Is there anything positive about VAT

Read more…

Recession Planning

We are about to have a new government, indications are we will have to contend with higher inflation, higher interest rates and possibly higher VAT. With these things and reductions in government spending, unemployment is likely to increase, I think

Read more…

Customer wants all material invoices to claim VAT back - Any Advice?

Hello,I recently set up my business following redundancy and have been working as a hard landscaper for 9 years.I recently quoted on a landscaping job that involved a large amount of decking, some stone work and general repairs. The material costs eq

Read more…

Company conundrum

Well I have a slight conundrum that I would like some advice on, partly to hopefuly build on my desision so far or maybe to give me a new point of view.Here goes,Recently (6 months ago) a localfamily that unfortunatly share the same surname as my sel

Read more…