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ok cleaning

  • Posts: 649
v.a.t
« on: January 18, 2007, 12:44:53 pm »
 hi to everyone i wonder if anyone v.a.t registered in this forum friend of mine is and big mistake he says
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gaza

  • Posts: 1642
Re: v.a.t
« Reply #1 on: January 18, 2007, 01:08:41 pm »
never want to earn enough to pay vat. ;)

 gaza
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IM AT THAT AGE MY BACK GOES OUT MORE THAN I DO

niceandclean

  • Posts: 1897
Re: v.a.t
« Reply #2 on: January 18, 2007, 01:35:33 pm »
You have to be turning over 60,000 a year before you register for vat.
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JM123

  • Posts: 2095
Re: v.a.t
« Reply #3 on: January 18, 2007, 01:42:11 pm »
once you turn over 60k a yr or more you have to register for VAT, if you turnover less than 60K the choice is yours.
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Live life in the fast lane.......if you break down you'll freewheel further

Ballymena N.I

sair

  • Posts: 682
Re: v.a.t
« Reply #4 on: January 18, 2007, 01:52:49 pm »
best decision i ever made or was made to make

you have to be disciplined with puting away the vat but i use the money saved to offset my mortgage
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Essentially Pure Ltd

ok cleaning

  • Posts: 649
Re: v.a.t
« Reply #5 on: January 18, 2007, 02:03:09 pm »
it does not make sense to become v.a.t registered if you only do domestic cleaning cos i dont tink people will be keen to pay there are plenty of cowboys around so i dont tink you can recover your v.a.t beck and have to pay it from your own pocket
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Helen

Re: v.a.t
« Reply #6 on: January 18, 2007, 02:49:42 pm »
If your income warrants VAT registering then you have no choice. At the moment the threshold is 61k, but will probably change again in the next budget. As for your customers leaving you for a "dodgy" dealer... hmmmm that could happen, but if you have given them a good service all round, you should not lose many, especially as now more of the general public do not want their hard earned cash which they have paid taxes on, going to someone who doesn't. When we registered we were wary of this and sent out letters to ALL our customers to inform them why we had to. (we took advise from longstanding customers what to write) The majority said oh well if you have to it shows that  you are conducting your business the right way and alot of them congratulated us. Out of 500 odd we lost 4 who couldn't understand why window cleaning was vatable! It's not, it is your business that is!
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