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richywilts

  • Posts: 4261
going over the vat how did customers take it
« on: January 31, 2013, 01:12:56 am »
im defo going to have to go vat reg from april just got contant worry of having to add 20% to there window cleaning bill or poss 10% and swallow 10%

ive not put prices up for nearly 5 years on original customers

should i just go for it or have the ones who went vat reg lose a few of there customers
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Richard Wiltshire
Window Clean Direct

richardwiltshire36@yahoo.co.uk
www.windowcleandirect.co.uk
07894821844

steve rix

  • Posts: 816
Re: going over the vat how did customers take it
« Reply #1 on: January 31, 2013, 02:07:05 am »
How can you not be over the vat threshold with 800 customers, and 4 people working for you?
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Mike #1

  • Posts: 4668
Re: going over the vat how did customers take it
« Reply #2 on: January 31, 2013, 05:37:49 am »
I am not vat registered richy but overall it is about price increase , This week i have started increase my prices between £1-£2 ,

Sometimes this is over a 20% increase for some custys and they have been fine , get them prices put up 5 yrs is way to long . Mike
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ronnie paton

  • Posts: 3245
Re: going over the vat how did customers take it
« Reply #3 on: January 31, 2013, 07:30:29 am »
Flat rate is 12.5% discounted for 1 year at 11.5% I had bout 50/50 commercial so I took the hit, times are hard and some customers will see any increase has an excuse  to cancel
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Ben wood

Re: going over the vat how did customers take it
« Reply #4 on: January 31, 2013, 07:39:12 am »
Just increase you prices but dont tell the domestic customers its for vat simples
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richywilts

  • Posts: 4261
Re: going over the vat how did customers take it
« Reply #5 on: January 31, 2013, 08:50:02 am »
Quote from: steve rix on January 31, 2013, 02:07:05 am
How can you not be over the vat threshold with 800 customers, and 4 people working for you?

coz the start of the year was after it had all gone crap i had to dump loads of crap customers i was only having one lad going out then over the summer i began to build it up again its only from about sept/oct its began to pick up again ive got 3 lads not four i think by end of this year il be very borderline on the vat
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Richard Wiltshire
Window Clean Direct

richardwiltshire36@yahoo.co.uk
www.windowcleandirect.co.uk
07894821844

ronnie paton

  • Posts: 3245
Re: going over the vat how did customers take it
« Reply #6 on: January 31, 2013, 01:50:36 pm »
The vat threshold counts for any 12 month period so say you now £7k a month regular customers you should register now even if in this tax year you won't/haven't hit it
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richywilts

  • Posts: 4261
Re: going over the vat how did customers take it
« Reply #7 on: January 31, 2013, 02:16:38 pm »
im going to have a chat with the accountant next month due to stress hes under at moment

do you mean any tax year??

or just any 12 months in particular
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Richard Wiltshire
Window Clean Direct

richardwiltshire36@yahoo.co.uk
www.windowcleandirect.co.uk
07894821844

formb

Re: going over the vat how did customers take it
« Reply #8 on: January 31, 2013, 02:39:59 pm »
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deeege

  • Posts: 4961
Re: going over the vat how did customers take it
« Reply #9 on: January 31, 2013, 02:41:17 pm »
Any 12 month period be it January to January, march to march or September to September.

Direct quote from HMRC.

Supplying goods or services within the UK. If your turnover of VAT taxable goods and services supplied within the UK for the previous 12 months is more than the current registration threshold of £77,000, or you expect it to go over that figure in the next 30 days alone, you must register for VAT.

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"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

deeege

  • Posts: 4961
Re: going over the vat how did customers take it
« Reply #10 on: January 31, 2013, 02:47:09 pm »
Quote from: richywilts on January 31, 2013, 02:16:38 pm
im going to have a chat with the accountant next month due to stress hes under at moment

do you mean any tax year??

or just any 12 months in particular

Accountants are paid very well to compensate for the above. Make him earn his money.
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"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

formb

Re: going over the vat how did customers take it
« Reply #11 on: January 31, 2013, 03:05:32 pm »
Quote from: deeege on January 31, 2013, 02:47:09 pm
Accountants are paid very well to compensate for the above. Make him earn his money.

Best to wait till tomorrow. Today is their busiest day of the year.
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richywilts

  • Posts: 4261
Re: going over the vat how did customers take it
« Reply #12 on: January 31, 2013, 04:38:06 pm »
Quote from: Soapy Souter on January 31, 2013, 03:05:32 pm
Quote from: deeege on January 31, 2013, 02:47:09 pm
Accountants are paid very well to compensate for the above. Make him earn his money.

Best to wait till tomorrow. Today is their busiest day of the year.

thats what im doing haha if i have to go vat reg now so be it wanted to put prices up anyway
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Richard Wiltshire
Window Clean Direct

richardwiltshire36@yahoo.co.uk
www.windowcleandirect.co.uk
07894821844

dannymack

  • Posts: 1624
Re: going over the vat how did customers take it
« Reply #13 on: January 31, 2013, 06:04:34 pm »
Why would you go vat reg Richy you do lots of houses all cash I wouldn't declare cash if I didn't have to !!! More you declare more tax you pay !!!
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deeege

  • Posts: 4961
Re: going over the vat how did customers take it
« Reply #14 on: January 31, 2013, 06:26:50 pm »
Quote from: dannymack on January 31, 2013, 06:04:34 pm
Why would you go vat reg Richy you do lots of houses all cash I wouldn't declare cash if I didn't have to !!! More you declare more tax you pay !!!

 :o  :o

Not the best thing to be posting on an open forum.
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"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

matthewprice

  • Posts: 755
Re: going over the vat how did customers take it
« Reply #15 on: January 31, 2013, 06:35:58 pm »
years ago on a run i had ,there was a company that went  vat registerd ,many domestic jobs bumped them and the vat was only 15% ,
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Nick_Thompson

  • Posts: 810
Re: going over the vat how did customers take it
« Reply #16 on: January 31, 2013, 06:37:48 pm »
My mum says, honesty is the best policy.
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Do quantum mechanics fix old transits?

And let us not forget, voyeurism is an occupational hazard that we simply must endure.

Ben wood

Re: going over the vat how did customers take it
« Reply #17 on: January 31, 2013, 06:45:55 pm »
Thats why when you go vat up domestic custys a little and dont telk them your vat reg. Just take it on the chin or up the price a quid or too and tell themits just a normal increase due to insurance and fuel going up.
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sean mcc

  • Posts: 230
Re: going over the vat how did customers take it
« Reply #18 on: January 31, 2013, 09:16:04 pm »
Dont go VAT registered,you will regret it in time,been there done that,Dannymack seems to have the best idea IMHO. ;) ;D
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Moderator David@stives

  • Posts: 8829
Re: going over the vat how did customers take it
« Reply #19 on: January 31, 2013, 11:38:23 pm »
YES don't do it, stay small and unsuccessful, and to tell yourself you are never going to be big.




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