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VAT Change 01.01.10


Yve_Clark
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i am currently in the proces of becoming ltd and now have to go VAT registered which i thought was going to be a pain in the arse BUT when speaking to my accountant he made me aware that i can actually caim the VAT back on any plant and vehicles that i have bought in the last 3 years !! needless to say it has cheered me up a little !!!

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plus services. or anything that you purchased and still have in stock....business cards etc

 

wicked this VAT lark seems to be ok so far , i will have to really have a look into what sort of money i will be getting back , i cant help but wonder what the VAT man is going to want in return tho lol

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wicked this VAT lark seems to be ok so far , i will have to really have a look into what sort of money i will be getting back , i cant help but wonder what the VAT man is going to want in return tho lol

 

i got a vat inspection when i registered, easy as pie, get ALL your receipts in oreder, stick on the kettle and let them do their stuff. If everything is in oreder then the money is put straight into your account, we got another £1100 i think on something we missed, i got back about 8k i think, it paid for my new chipper at the time, but i have been collecting tax for them ever since:sneaky2::001_smile:

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