20 years ago, when I was supplying and fitting carpets as well as cleaning, I had to register for vat. There had been severe freezing, and I had a lot of work replacing ruined carpets (coming from Loss Adjusters) and this in one quarter took me past the vat threshold. I didnt have the confidence in those days to charge the extra to my domestic clients and so absorbed it myself. This of course was recipe for disaster. Fortunately less than a year later I managed to de-register when the chancellor raised the threshold considerably.
My question is to those who have registered for vat - What effect has it had on your business?
Have you lost clients, jobs to quotes ratio's, number of jobs gone down/up.
One guy at the Alltec extravaganza told everyone how he'd been worried about the outcome of registering, but in fact his business with domestic clients had improved. He put it down to the fact that registration earned him more respect. Whats your views/experienc?