[Danny Guest]

but thats why them prices are cheap!

i can get that for  terraced so i guess you wont have a problem.

Im getting them prices for my newly canvassed work which is why im not really bothered about cancellations.

Ill just bring my old prices up to date with the new work

Danny

[Helen]

I registered for VAT 1st Dec.  Although it will cost me I think it will have its benefits. I have told all my customers that I will not pass the VAT on to domestics however due to bank charges I will now be charging 50p for cheques, so far almost all cheques to arrive have included this with no question.
The benefit for VAT is that I am on flat rate, for the first 12 months I will pay 11% followed by 12% in the second year, however all invoices are charged at the full 20% so a 9% gain there to help offset the loss on domestics.

Do you do a lot of commercial then where charging vat isn't a problem?
Depending on your volume of domestics you will lose a considerable amount. For every £20.00 charged you will pay C & E £2.20 in your first discounted year and than if the rates stay the same £2.40 per £20.00

[bwoofie]

winning at window cleaning? is t in all good book shops lol?

[Rogue Trader]

I registered for VAT 1st Dec.  Although it will cost me I think it will have its benefits. I have told all my customers that I will not pass the VAT on to domestics however due to bank charges I will now be charging 50p for cheques, so far almost all cheques to arrive have included this with no question.
The benefit for VAT is that I am on flat rate, for the first 12 months I will pay 11% followed by 12% in the second year, however all invoices are charged at the full 20% so a 9% gain there to help offset the loss on domestics.

This is not actually true because you are paying 11 or 12% on the full 20% vat inclusive amount so effectively you are paying VAT on VAT. They make out that you are keeping the 9% difference but it is actually lower than that.

[Helen]

For £100.00 nett you charge vat on top at 20% therefore gross including vat is £120.00
For flat rate 12% rate you pay C & E 12% of the full £120.00 = £14.40 leaving you with £5.60, which is the difference from the actual vat of £20.00.
Therefore every £100.00 nett you charge you make 5.60. Remember this £5.60 is classed as  income and you will be taxed on it.

[Kwackers]

I didn't think you could charge a VAT amount that you won't repay. IE: If you are only being charged 11%, that is what should be what you Including VAT total should include So a £10.00 invoice should be £10 Cleaning £1.10 VAT and not £2.00?

I registered for VAT 1st Dec.  Although it will cost me I think it will have its benefits. I have told all my customers that I will not pass the VAT on to domestics however due to bank charges I will now be charging 50p for cheques, so far almost all cheques to arrive have included this with no question.
The benefit for VAT is that I am on flat rate, for the first 12 months I will pay 11% followed by 12% in the second year, however all invoices are charged at the full 20% so a 9% gain there to help offset the loss on domestics.

[Ian Rochester]

You can, it's the flat rate scheme, though the downside is you cannot CLAIM any VAT costs on items you buy which cost less than £2000.

If you have very little vatable expenditure then this is the best scheme, however you have to leave it when you hit around £180,000 turnover and go onto the standard scheme.

[Sean Dyer]

Just put your prices up a £1 or 2 danny

I have been and not had one problem so far, most have expected it for a while as im over due with it really

Im gonna stick another £1 on next year and the after that will probably just stick a £1 or 2 on every couple of years

Right, off to lick some windows

[windiewasher]

And still pay 200 quid a year!  Isn't that right tax dodger?

Just put your prices up a £1 or 2 danny

I have been and not had one problem so far, most have expected it for a while as im over due with it really

Im gonna stick another £1 on next year and the after that will probably just stick a £1 or 2 on every couple of years

Right, off to lick some windows