Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: ronnie paton on October 20, 2009, 09:31:05 pm
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:)
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11%, but i'm not certain
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what i thought but on the hm website its not clear at all.
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when i was on a flat rate scheme(not wc) you got 1% discount for the first year.
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still do
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Its currently 9% with a 1% discount in the first year, it is in the business not listed elsewhere category
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is this vat guys???
i thought it was 15%?
or is that after 68k?
how does it all work?
dean
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It is 15 %
But you only pay the tax man the difference between vat recieved and vat paid out, this equates to about 10 % of your total turnover on average.
The tax man has an agreed figure for each industry, as a percentage of your turnover.
This is a transitional period to make it easier for smaller businesses to administer VAT