Doing a few sums quickly, we will bounce in and out on a quarterly basis, but over a year last year we spent about 2.5%. I think you need to be canny with buying things to make sure you achieve just over 2% every quarter. So if you're nowhere near, buy a pole or some resin or filters. If you turnover £150k you need to spend £750 a quarter or £250 a month. If you don't it will cost an extra £1,600 or so in VAT.
would the lease money on a van count ? i
I think not. I am confused over vehicles to be honest because on the one hand you can't include motoring costs but I read somewhere that a van was.
But leased vans probably not:
Examples of relevant goods
This isn’t an exhaustive list:
stationery and other office supplies to be used exclusively for the business
gas and electricity used exclusively for your business
fuel for a taxi owned by a taxi firm
stock for a shop
cleaning products to be used exclusively for the business
hair products to use to provide hairdressing services
standard software, provided on a disk
Examples of supplies that aren’t relevant goods
This isn’t an exhaustive list:
accountancy fees, these are services
advertising costs, these are services
an item leased/hired to your business, this counts as services, as ownership will never transfer to your business
food and drink for you or your staff, these are excluded goods
fuel for a car this is excluded unless operating in the transport sector using your own, or a leased vehicle
laptop or mobile phone for use by the business, this is excluded as it is capital expenditure see paragraph 15.1
anything provided electronically, for example a downloaded magazine, these are services
rent, this is a service
software you download, this is a service
software designed specifically for you (bespoke software), this is a service even if it is not supplied electronically
https://www.gov.uk/government/publications/vat-notice-733-flat-rate-scheme-for-small-businesses/vat-notice-733-flat-rate-scheme-for-small-businesses#para4-4