[Soupy]

http://www.telegraph.co.uk/news/2017/11/03/one-million-businesses-self-employed-people-could-dragged-vat/

[STEVE-UK]

Full story here..https://www.pressreader.com/uk/the-daily-telegraph/20171104/281513636421195

Well thats going to have a big impact on the way we operate 

[p1w1]

Full story here..https://www.pressreader.com/uk/the-daily-telegraph/20171104/281513636421195

Well thats going to have a big impact on the way we operate 

Why out of interest? it just something that would be passed on cost wise to the customer, why would that have a big impact on how you actually operate ?  At the end of the day its the customer who loses out.
As i dont have to charge VAT at the moment is certainly not something i want to see happen.

[Clever Forum Name]

If it comes down to 20k as they're suggesting at least it going to affect pretty much every window cleaner. So it's not that bad really.

Yes you will get customers who don't want to pay 20% extra but finding a non VAT registered window cleaner should be quite hard.

[p1w1]

If it comes down to 20k as they're suggesting at least it going to affect pretty much every window cleaner. So it's not that bad really.

Yes you will get customers who don't want to pay 20% extra but finding a non VAT registered window cleaner should be quite hard.

Thats my thinking too, you get your rouge cleaner now not declaring earnings etc, so there is a possibility that could increase. But if every company has to do it then it doesnt change much IMO  obviously just makes things more expensive for the customer.

[Dry Clean]

Full story here..https://www.pressreader.com/uk/the-daily-telegraph/20171104/281513636421195

Well thats going to have a big impact on the way we operate 

Why out of interest? it just something that would be passed on cost wise to the customer, why would that have a big impact on how you  operate ?

VAT isn't passed onto the customer it comes out of your pocket, example if a customer is happy to pay you £20 vat included
they would still be happy to pay £20 without vat.
In other words customers have no interest in how the money is divided up, taxes expenses and so on.

[Stoots]

Quite simply if this was implemented sole traders would be fecked.

If I turnover 40k with 20% vat 20% tax plus NAT ins running costs etc I would be left with nothing. Seriously would be be better off stacking shelves in Asda.

Can see why they want to do it, as loads just stay under VAT on purpose.

Greedy, horrible people.

Only 2 options for a sole trader if this happens, sack it off and get a job or build an empire, anything else is going to be not worth the hassle.

[p1w1]

Full story here..https://www.pressreader.com/uk/the-daily-telegraph/20171104/281513636421195

Well thats going to have a big impact on the way we operate 

Why out of interest? it just something that would be passed on cost wise to the customer, why would that have a big impact on how you  operate ?

VAT isn't passed onto the customer it comes out of your pocket, example if a customer is happy to pay you £20 vat included
they would still be happy to pay £20 without vat.
In other words customers have no interest in how the money is divided up, taxes expenses and so on.

Of course they dont care, but if i'm charging £20 for a house i would then charge plus VAT if i have too, i'm already getting the price i want, my takings will still be the same as it was before VAT so it wont cost me anything.

[p1w1]

Quite simply if this was implemented sole traders would be fecked.

If I turnover 40k with 20% vat 20% tax plus NAT ins running costs etc I would be left with nothing. Seriously would be be better off stacking shelves in Asda.

Can see why they want to do it, as loads just stay under VAT on purpose.

Greedy, horrible people.

Only 2 options for a sole trader if this happens, sack it off and get a job or build an empire, anything else is going to be not worth the hassle.

If you were turning over 40k with VAT, then you wouldnt have been turning over that before the VAT.  You simply have to add the VAT to the customer, the problem arises if that then makes the customer not want to pay it and cancels.  And if every window cleaning company has to follow suit it balances itself out. All this does is makes things more expensive for the customer at the end of the day and you become a tax collector for the government. On the flip side your expenses would drop as you would be reclaiming the VAT back on your purchases (i think).

[zesty]

Full story here..https://www.pressreader.com/uk/the-daily-telegraph/20171104/281513636421195

Well thats going to have a big impact on the way we operate 

Why out of interest? it just something that would be passed on cost wise to the customer, why would that have a big impact on how you  operate ?

VAT isn't passed onto the customer it comes out of your pocket, example if a customer is happy to pay you £20 vat included
they would still be happy to pay £20 without vat.
In other words customers have no interest in how the money is divided up, taxes expenses and so on.

The problem with that is you’d be worse off by 20% for every job, you’d have to add the 20% to earn the same amount. So basically our customers would have a 20% price increase for the sake of the governments greed.

It’s the same old story, the rich get richer and the poor get poorer...

[p1w1]

Full story here..https://www.pressreader.com/uk/the-daily-telegraph/20171104/281513636421195

Well thats going to have a big impact on the way we operate 

Why out of interest? it just something that would be passed on cost wise to the customer, why would that have a big impact on how you  operate ?

VAT isn't passed onto the customer it comes out of your pocket, example if a customer is happy to pay you £20 vat included
they would still be happy to pay £20 without vat.
In other words customers have no interest in how the money is divided up, taxes expenses and so on.

The problem with that is you’d be worse off by 20% for every job, you’d have to add the 20% to earn the same amount. So basically our customers would have a 20% price increase for the sake of the governments greed.

It’s the same old story, the rich get richer and the poor get poorer...

Thats what it boils down too.

[Dry Clean]

Full story here..https://www.pressreader.com/uk/the-daily-telegraph/20171104/281513636421195

Well thats going to have a big impact on the way we operate 

Why out of interest? it just something that would be passed on cost wise to the customer, why would that have a big impact on how you  operate ?

VAT isn't passed onto the customer it comes out of your pocket, example if a customer is happy to pay you £20 vat included
they would still be happy to pay £20 without vat.
In other words customers have no interest in how the money is divided up, taxes expenses and so on.

Of course they dont care, but if i'm charging £20 for a house i would then charge plus VAT if i have too, i'm already getting the price i want, my takings will still be the same as it was before VAT so it wont cost me anything.

How does it not cost you anything ? you will have just upped your prices increased your profits and will be no better off, if your happy enough with that then fair enough but don't be fooled into thinking its not you who's paying for it.

[Stoots]

Quite simply if this was implemented sole traders would be fecked.

If I turnover 40k with 20% vat 20% tax plus NAT ins running costs etc I would be left with nothing. Seriously would be be better off stacking shelves in Asda.

Can see why they want to do it, as loads just stay under VAT on purpose.

Greedy, horrible people.

Only 2 options for a sole trader if this happens, sack it off and get a job or build an empire, anything else is going to be not worth the hassle.

If you were turning over 40k with VAT, then you wouldnt have been turning over that before the VAT.  You simply have to add the VAT to the customer, the problem arises if that then makes the customer not want to pay it and cancels.  And if every window cleaning company has to follow suit it balances itself out. All this does is makes things more expensive for the customer at the end of the day and you become a tax collector for the goverment.

The customer doesn't care about you or vat they just care about the price.

Hi Mr customer just sticking your bill up 20% due to vat.

2 problems with this. First one they cancel so now your turn over is even less and you still have to pay vat which means you are going to be in financially difficulty.

Second one they accept, meaning you could have had that extra 20% in your pocket.

[p1w1]

Full story here..https://www.pressreader.com/uk/the-daily-telegraph/20171104/281513636421195

Well thats going to have a big impact on the way we operate 

Why out of interest? it just something that would be passed on cost wise to the customer, why would that have a big impact on how you  operate ?

VAT isn't passed onto the customer it comes out of your pocket, example if a customer is happy to pay you £20 vat included
they would still be happy to pay £20 without vat.
In other words customers have no interest in how the money is divided up, taxes expenses and so on.

Of course they dont care, but if i'm charging £20 for a house i would then charge plus VAT if i have too, i'm already getting the price i want, my takings will still be the same as it was before VAT so it wont cost me anything.

How does it not cost you anything ? you will have just upped your prices increased your profits and will be no better off, if your happy enough with that then fair enough but don't be fooled into thinking its not you who's paying for it.

No all i will have done is increased my turnover not profit.

[Stoots]

Full story here..https://www.pressreader.com/uk/the-daily-telegraph/20171104/281513636421195

Well thats going to have a big impact on the way we operate 

Why out of interest? it just something that would be passed on cost wise to the customer, why would that have a big impact on how you  operate ?

VAT isn't passed onto the customer it comes out of your pocket, example if a customer is happy to pay you £20 vat included
they would still be happy to pay £20 without vat.
In other words customers have no interest in how the money is divided up, taxes expenses and so on.

Of course they dont care, but if i'm charging £20 for a house i would then charge plus VAT if i have too, i'm already getting the price i want, my takings will still be the same as it was before VAT so it wont cost me anything.

How does it not cost you anything ? you will have just upped your prices increased your profits and will be no better off, if your happy enough with that then fair enough but don't be fooled into thinking its not you who's paying for it.

Exactly

[zesty]

If you currently charge a customer £20, you’d have to increase the price to £24.

£15 would become £18.

Most customers wouldn’t be happy with this and I think they some would drop the frequency of clean, or give up having there windows cleaned all together.

Bad news for us, it’s a really unfair situation for window cleaners who rely on regular smaller amounts of money. If it were a one off job, the customer wouldn’t care. The problem with us is the regularity of the job.

Basically window cleaners and similar businesses should be exempt in my opinion.

It wouldn’t be so bad for a plumber, for example. As they see a set customer maybe once in a 3 year period. So that customer won’t be concerned with paying vat on a one off job. But for regular jobs like ours, the customer is paying vat every month, every year for years...

[Stoots]

Full story here..https://www.pressreader.com/uk/the-daily-telegraph/20171104/281513636421195

Well thats going to have a big impact on the way we operate 

Why out of interest? it just something that would be passed on cost wise to the customer, why would that have a big impact on how you  operate ?

VAT isn't passed onto the customer it comes out of your pocket, example if a customer is happy to pay you £20 vat included
they would still be happy to pay £20 without vat.
In other words customers have no interest in how the money is divided up, taxes expenses and so on.

Of course they dont care, but if i'm charging £20 for a house i would then charge plus VAT if i have too, i'm already getting the price i want, my takings will still be the same as it was before VAT so it wont cost me anything.

How does it not cost you anything ? you will have just upped your prices increased your profits and will be no better off, if your happy enough with that then fair enough but don't be fooled into thinking its not you who's paying for it.

No all i will have done is increased my turnover not profit.

True. but you could have increased your profit ok fine the vat wasn't thete

[andyM]

So we would be forced to increase prices by 20% and see no increase in our profits, becoming unpaid tax collectors for HMRC.
It's likely the lower earners (sub 30k) would not be allowed to claim back vat on purchases.
We could get fined or imprisoned for failing to submit the vat return on time or by making an honest mistake on the return.
There would be an increase in accountant's fees to pay.
And there's a strong possibility that a good few customers will reduce the amounts of cleans per year, which will affect end of year profits.

Are there any positives to this?

[Stoots]

So we would be forced to increase prices by 20% and see no increase in our profits, becoming unpaid tax collectors for HMRC.
It's likely the lower earners (sub 30k) would not be allowed to claim back vat on purchases.
We could get fined or imprisoned for failing to submit the vat return on time or by making an honest mistake on the return.
There would be an increase in accountant's fees to pay.
And there's a strong possibility that a good few customers will reduce the amounts of cleans per year, which will affect end of year profits.

Are there any positives to this?

The government obviously hate sole traders because they know cash in hand and tax evasion goes on etc. In effect they can't control them.

Imo they want to squeeze them out, get them all into big businesses where they can be monitored and pay vat etc or force them back in paid employment where they are subject to taxes .

The government are not daft, they know there is a black market out there and they are losing millions in revenue. This is just another way to squeeze every penny out of everyone.

This country is poope.

[dazmond]

its never gonna happen.if philip hammond goes ahead with this there will be a furious backlash(like the NI hike)and he ll do another massive U turn.