Clean It Up

UK General Cleaning Forum => General Cleaning Forum => Topic started by: turneylogan on November 28, 2007, 05:20:01 pm

Title: VAT de-registration
Post by: turneylogan on November 28, 2007, 05:20:01 pm

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

Title: Re: VAT de-registration
Post by: mk1 on November 28, 2007, 07:36:55 pm

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

Title: Re: VAT de-registration
Post by: elite mike on November 30, 2007, 10:37:19 am

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

Title: Re: VAT de-registration
Post by: turneylogan on November 30, 2007, 01:40:04 pm

Thanks

Title: Re: VAT de-registration
Post by: murky on December 03, 2007, 09:32:08 am

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

Title: Re: VAT de-registration
Post by: *Chris Browne on December 03, 2007, 09:49:39 am

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

Title: Re: VAT de-registration
Post by: turneylogan on December 03, 2007, 10:04:07 am

Quote from: chris browne on December 03, 2007, 09:49:39 am

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.

Title: Re: VAT de-registration
Post by: murky on December 10, 2007, 04:39:01 pm

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