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VAT Registered


Conorjm10
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This has cropped up on here before, I always wonder…

 

The 2021 threshold is £85000, allow for 4 weeks holiday a year and that’s £354 per working day. This means that there are three ways to stay under the vat threshold.

1. You work part time. Fair enough, I know a few people who do this.

2. You work for less than £350 per day, if you’re a subby climber fair enough, if your a contractor then you’re an idiot to work this cheap.

3. You do a lot of cash jobs and only put half your turnover through the books…

I still don’t see how any serious contractor can not be vat reg. 

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10 minutes ago, Mark Bolam said:

Like Mr. & Mrs. Miggins who pay £1200 for a £1000 tree job with no discernible benefit to them whatsoever.

Which is why when faced with a quote for £1000 (no VAT), £1100 (with VAT) and £1200 (with VAT),  they will go with the no VAT company.

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3 hours ago, Retired Climber said:

I have 10s of thousands of pounds to play with however I like.

A retired climber with 10s of £1000s of VAT per ¼ ‘to play with?’  Whilst working part time in garden shed?

 

What are you doing importing guns, drugs and girls?

 

Sure you haven’t over sharpened your pencil??

 

 

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34 minutes ago, kevinjohnsonmbe said:

A retired climber with 10s of £1000s of VAT per ¼ ‘to play with?’  Whilst working part time in garden shed?

 

What are you doing importing guns, drugs and girls?

 

Sure you haven’t over sharpened your pencil??

 

 

Blimey, I add a bit of detail to make a point and look what happens. 

 

Just to keep you in the picture, no, I don't take 10's of thousands of VAT per quarter, but do per year. Sorry for not making that as clear as you'd like. 

 

I've explained what I do on this forum before, it probably wouldn't be difficult to find. 

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