Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: eddie d on February 01, 2008, 11:08:01 am

Title: what trade sector for the flat rate scheeme
Post by: eddie d on February 01, 2008, 11:08:01 am

hi guys
what trade sector do you use for window cleaning
please

Title: Re: what trade sector for the flat rate scheeme
Post by: mick hay on February 01, 2008, 11:28:42 am

I take it u mean for VAT?

Its 10% for window cleaning.

Title: Re: what trade sector for the flat rate scheeme
Post by: eddie d on February 01, 2008, 11:30:57 am

thx
but they said i have to pick a trade sector and wc is not listed

Title: Re: what trade sector for the flat rate scheeme
Post by: mick hay on February 01, 2008, 11:33:38 am

I asked my  accountant, think it comes under "other"...lol

You just registering now?.....Think i may have to in time....hate the thought of it    >:(

Title: Re: what trade sector for the flat rate scheeme
Post by: Helen on February 01, 2008, 01:00:51 pm

if you go into the HM website, go to VAT, go to ready reckoner and in there there is a list of trade sectors. I believe it is any business not listed elsewhere, go into this. (there are 2 linegaes that are similar, but you should find window cleaning in one of them) Keep delving you will find it. A word of caution. depends on what you call your service, we are a cleaning service as we don't just clean windows and the flat rate is 11%. A while ago window cleaning only was different at 10%. ;D

Title: Re: what trade sector for the flat rate scheeme
Post by: eddie d on February 01, 2008, 01:17:56 pm

thankyou
found it "any service not listed "
im now a member of the vat club. :(

Title: Re: what trade sector for the flat rate scheeme
Post by: Helen on February 01, 2008, 01:45:10 pm

Well almost...... but welcome to the non paid tax collection service is more like it......don't forget your 1% discount in the first year. The % percentage you pay over to C & E is your gross (including vat figure) times the percentage. Total job including vat is £100.00. so if on 10% £10.00 goes to the C & E. You will also be liable for personal tax on the difference between the 17.5% and you flat rate %
Good luck ;D

Title: Re: what trade sector for the flat rate scheeme
Post by: eddie d on February 01, 2008, 11:06:08 pm

helen
are you doing the flat rate scheeme.

Title: Re: what trade sector for the flat rate scheeme
Post by: Helen on February 07, 2008, 01:52:58 pm

Yes we are on flat rate.....sorry been unwell and laid up since last Saturday!!!  :)

Title: Re: what trade sector for the flat rate scheeme
Post by: Ian Rochester on February 07, 2008, 04:12:53 pm

Just been told last month by Mr VATMAN that we have to come off the flat rate scheme :'(

Title: Re: what trade sector for the flat rate scheeme
Post by: Helen on February 08, 2008, 04:15:48 pm

Quote from: Lionheart on February 07, 2008, 04:12:53 pm

Just been told last month by Mr VATMAN that we have to come off the flat rate scheme :'(

Have you gone or about to go over the threshold then? We are close, and have to make the decision whether to go on the full scheme or not soon :)

Title: Re: what trade sector for the flat rate scheeme
Post by: stevekennedy on February 08, 2008, 08:13:41 pm

Can you leave and rejoin the flat rate scheme as often as you wish?

Title: Re: what trade sector for the flat rate scheeme
Post by: Helen on February 09, 2008, 08:26:50 am

Quote from: stevekennedy on February 08, 2008, 08:13:41 pm

Can you leave and rejoin the flat rate scheme as often as you wish?

You'll have to read up on it, but I believe once you voluintary come out of the flat scheme, the same business can't go back on. There is a threshold you can go to which i think is £187500.00 inc vat (can't be bothered to look it up, but somewhere in this region) and once there you have to go to full vat anyway