VAT registered

[18 stoner]

Did he keep the dogs too?

[Frank]

No. It would be correct to name names.

 

Ok fair point. Would be wrong to talk about someone on the internet. Especially if any of the FACTS were to be wrong. We would all look silly and childish.

 

Sorry to derail. Back to the thread.

 

Best bet would be to speak to an accountant and get their view on the pros and cons. Going VAT registered could be a massive bonus or a PITA. Depends on your circumstances. Each company is different so a professionals advice would be far more beneficial than other people in different situations.

 

It is nice to hear the different opinions though.

[18 stoner]

Ok fair point. Would be wrong to talk about someone on the internet. Especially if any of the FACTS were to be wrong. We would all look silly and childish.

 

.

 

Sounds like you must have had a similar situation to me the Darren.

 

However in my case i had evidence of this guy trying to charge VAT when he wasnt registered, and never did. The inland revenue are currently looking into it as it is classed as fraud and treat very seriously. Thats why i never mentioned any names. Not silly or childish at all in my case.

 

Guess its another good reason to not go registered as can cause exra hassle.

 

I personally wouldnt do it unless required as it fits my domestic customer circumstances best.

[skyhuck]

"Hell hath no fury like I contractor spurned".

 

 

Time to forget about it and move on, me thinks.

[Mark James]

Vat in the small business world simply makes you a tax collector for the government.

[ben lightfoot]

Interesting stuff guys I have gone down the route of an older vehicle with no VAT so will prob be staying as is. I was looking at motors which would have been 2-3grand vat and might have made a good "saving" of sorts along with other tools. but now im going for something else wont be worth the bother, still interesting hearing you guys experiences

[Lorry thompson]

Interesting stuff guys I have gone down the route of an older vehicle with no VAT so will prob be staying as is. I was looking at motors which would have been 2-3grand vat and might have made a good "saving" of sorts along with other tools. but now im going for something else wont be worth the bother, still interesting hearing you guys experiences

 

I think peoples experiences are showing there is a lot of sneaky people about:sneaky2:

[Lorry thompson]

Did he keep the dogs too?

 

Aye mate they run the machine hire:lol:

[Frank]

Sounds like you must have had a similar situation to me the Darren.

 

However in my case i had evidence of this guy trying to charge VAT when he wasnt registered, and never did. The inland revenue are currently looking into it as it is classed as fraud and treat very seriously. Thats why i never mentioned any names. Not silly or childish at all in my case.

 

Guess its another good reason to not go registered as can cause exra hassle.

 

I personally wouldnt do it unless required as it fits my domestic customer circumstances best.

 

Obviously a different scenario to the one I was thinking of then. No probs. Sounded similar to a situation i was aware of but now you have said that, it is clear we are talking of completely seperate matters.

[Johny Walker]

wouldnt suite me i hate paper work on a good day , i can make a good living & stay within the vat thresh hold ,all mi company kits paid for ,bar the nissan ,witch is £190 a month :biggrin:so mi overheads are very low ,& are going to stay that way + 90% of my work is private so going vat would reduce that ,