[turneylogan]

Has anyone ever gone through the process of VAT de-registration?

[mk1]

yes very easy to do just write a letter to them explaining why ? they will send all the info you need 

[elite mike]

yes i just wrote to the i. r . said that it would jepordies the biz
result canceled ,no problem

[turneylogan]

Thanks

[murky]

Thanks for that too.

I am just about to de register, my accountant said I would be better off staying in but I am well under the threshhold now and dont save anything.

My last bill was £1100.00 as I had a good summer cleaning schoiols etc but my chemical costs etc are virtually nil now so I cant see the point.

Most of my customers are now domestic so I will just include the vat so to speak and have a 17.7% profit.

Murky

[*Chris Browne]

So you are putting 17 .5 % on to your customers but not passing it on to the I.R.?..

[turneylogan]

So you are putting 17 .5 % on to your customers but not passing it on to the I.R.?..

No. I am assuming he is simply putting up his prices by 17.5% as his customers are used to paying their usual amount. If he is de-registered for VAT, Customs & Excise are not due anything so he is doing nothing wrong. The only issue is whether or not he should tell his customers.

[murky]

Bang on chaps.

Sorry for the delay in replying, been very busy.

If I do a domestic for £120.00 say. I have to pay the VAT in that, when I deregister I still do the job and charge £120.00 thus keeping the 17.5%.

Much bettter I think.

Murky