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Posted
but £81k isnt bad for a 2,man team,working on trees 3,days a wk . with low over heads & that dosnt mean having to cut corners eaither :001_smile:

 

You need to be well under the threshold really, trading with a turn over near to it is pretty dangerous, go one penny over and you suddenly owe the VAT man up to £16,200:001_huh:

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Posted
You need to be well under the threshold really, trading with a turn over near to it is pretty dangerous, go one penny over and you suddenly owe the VAT man up to £16,200:001_huh:

 

you just need to keep an eye on the figeurs & take an extra holiday :biggrin:

Posted

whats the pros and cons of being vat registered?

 

i am only self employed, with a lower than vat limit turn over.

do i say on my own, or start to build and employe another bloke?

Posted
whats the pros and cons of being vat registered?

 

i am only self employed, with a lower than vat limit turn over.

do i say on my own, or start to build and employe another bloke?

 

 

Vat reg you could claim vat back on all your purchases, down side is you will have to charge 20% on top of your normal fee.

 

 

 

Hodge

Posted

You can reduce your normal fee by the % diference on what you spend and charge on vat .

So if going vat reg saves you £5k a year, divide that into your turnover, get the %, take it off your day rate then add 20% for the vat.

 

 

Sent from my iPhone using Arbtalk

Posted
You can reduce your normal fee by the % diference on what you spend and charge on vat .

 

Why would you possibly want to do that? It defeats the purpose of going vat registered and paying 20% less on all your purchases

Posted

south portugal 25€ no tax included(20£ i belive)per hour sometimes you use chain saw sometimes ropes sometimes long handle cutters always charge more for first hour thats covers your diesel.some clients want quote theres always lots to be made with this people :lol::lol::lol:

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