VAT registered

[Frank]

I would say if your workload is primarily private work, with the present state of the economy going into voluntary VAT would seriously affect successful quotations.

 

Then again, I know of a subcontractor that worked for me(and other companies but not doing much domestic work) claimed to be going VAT reg, hence putting his prices up to main contractors, but never actually did:sneaky2:

 

Really??? Who was this then???? Sounds familiar but the story has got twisted. Care to enlighten us??

[Lorry thompson]

Could you set up another company one for private clients and one for commercial? Having one vat registered and the other not?

[18 stoner]

Yes, but you need them to be totally seperate, and if combining such as machinery, fuel usage etc would be a nightmare.

 

I think there are one or two on here who run logs and trees seperately, but think its a hassle all the same.

[18 stoner]

Really??? Who was this then???? Sounds familiar but the story has got twisted. Care to enlighten us??

 

No. It would be correct to name names.

[Lorry thompson]

Could see how you could get yourself in trouble:sneaky2: what about three then one commercial, one private and one machinery hire business

[18 stoner]

I think Kev Stephenson had one reg and one not. He could possibly fill in the details Lorry:thumbup1:

[skyhuck]

Could you set up another company one for private clients and one for commercial? Having one vat registered and the other not?

 

Yes, but you need separate equipment/vehicles for each Co. You could cross hire your gear to your self, but it starts to get a bit of a gray area and you could end up in bother.

 

I ran two Co's (with separate gear) for about 8 years, but the cost of two lots of book keeping and extra gear made it a PITA and not that profitable, so my VAT registered Ltd Co bought out my sole trader Co.

[18 stoner]

Was yours one logs and one tree work Dave?

[skyhuck]

No both trees, one domestic using 130 landy and 6" chipper, one commercial using mog.

[Lorry thompson]

I wasn't thinking of doing it was just a thought cheers lads:thumbup: What made me think was a bloke I worked for years ago had his tree firm and a hire firm named after his dogs His tree firm went bang as I think he was up to something with tax but because the other firm owned the machinery he kept it all