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Sapphire Window Cleaning

  • Posts: 2942
VAT Threshold
« on: October 04, 2009, 10:04:50 pm »
I know the VAT threshold is £68K.
When do you need to inform the inland revenue?
Is it once you have gained £68K or your forecast will reach £68K for the year?
Any help would be gratefully appreciated.





Matt
Reaching parts traditional window cleaners can not reach.

Dean Taberner

  • Posts: 4164
Re: VAT Threshold
« Reply #1 on: October 04, 2009, 10:16:21 pm »
I should imagine when youve broken it matt,

Forecast/talk is cheap nawadays.

Im hoping to be turning over a million in 5 years time.........................................................................................................................................................................................
Operations manager at J.V Price Ltd

http://www.thepricegroup.co.uk

Ste M

  • Posts: 1824
Re: VAT Threshold
« Reply #2 on: October 04, 2009, 10:18:41 pm »
its once you actually break the 68k barrier mate

Sapphire Window Cleaning

  • Posts: 2942
Re: VAT Threshold
« Reply #3 on: October 04, 2009, 10:21:26 pm »
Dean I am having 25,000 leaflets dropped this month and another 25,000 in November and another 25,000 in December.
If I went on a forecast I would of thought from 75,000 leaflets I would gain 500-600 customers that would be £60K-£72K




Matt
Reaching parts traditional window cleaners can not reach.

Sapphire Window Cleaning

  • Posts: 2942
Re: VAT Threshold
« Reply #4 on: October 04, 2009, 10:26:10 pm »
Thanks Ste
Reaching parts traditional window cleaners can not reach.

Dean Taberner

  • Posts: 4164
Re: VAT Threshold
« Reply #5 on: October 04, 2009, 10:34:11 pm »
Matt,

I know what you are saying,

My talk is also cheap on this thread,

Id like to think it was once you break the threshold.

Im sure if you spoke to an adviser theyd recommend you went voluntary registered.

I am sure though it is once youve broken it.






well it best be anyway :P :P

Operations manager at J.V Price Ltd

http://www.thepricegroup.co.uk

♠Winp®oClean♠

  • Posts: 4085
Re: VAT Threshold
« Reply #6 on: October 04, 2009, 10:40:11 pm »
You can inform then if you expect to reach the threshold.

Also, it's ok having 600 extra custys but you can only work so many hours/days, unless, ofcourse, you employ. ;)

Ste M

  • Posts: 1824
Re: VAT Threshold
« Reply #7 on: October 04, 2009, 10:40:20 pm »
Dean I am having 25,000 leaflets dropped this month and another 25,000 in November and another 25,000 in December.
If I went on a forecast I would of thought from 75,000 leaflets I would gain 500-600 customers that would be £60K-£72K




Matt

any chance in showing me what you put on your leaflet matt?

Ste M

  • Posts: 1824
Re: VAT Threshold
« Reply #8 on: October 04, 2009, 10:41:54 pm »
You can inform then if you expect to reach the threshold.

Also, it's ok having 600 extra custys but you can only work so many hours/days, unless, ofcourse, you employ. ;)

a good trad window cleaner can do 150-200 a week by himself, matt works WFP and also has a little helper i believe, so 600 is well within reach for him ;D

Sapphire Window Cleaning

  • Posts: 2942
Re: VAT Threshold
« Reply #9 on: October 04, 2009, 10:42:19 pm »
Ste have you got an email address?
Reaching parts traditional window cleaners can not reach.

♠Winp®oClean♠

  • Posts: 4085
Re: VAT Threshold
« Reply #10 on: October 04, 2009, 10:43:45 pm »
You can inform then if you expect to reach the threshold.

Also, it's ok having 600 extra custys but you can only work so many hours/days, unless, ofcourse, you employ. ;)

a good trad window cleaner can do 150-200 a week by himself, matt works WFP and also has a little helper i believe, so 600 is well within reach for him ;D

Either your having a laugh, or your very new to this game? :D

Ste M

  • Posts: 1824
Re: VAT Threshold
« Reply #11 on: October 04, 2009, 10:44:00 pm »

Sapphire Window Cleaning

  • Posts: 2942
Re: VAT Threshold
« Reply #12 on: October 04, 2009, 10:45:23 pm »
I am hoping to employ in the new year, my target before spring is to have 2 more vans and atleast 3 guys working for me.




Matt
Reaching parts traditional window cleaners can not reach.

Ste M

  • Posts: 1824
Re: VAT Threshold
« Reply #13 on: October 04, 2009, 10:46:48 pm »
I am hoping to employ in the new year, my target before spring is to have 2 more vans and atleast 3 guys working for me.




Matt

there you go winp, matt is soon to be seen on dragons den ;D

Sapphire Window Cleaning

  • Posts: 2942
Re: VAT Threshold
« Reply #14 on: October 04, 2009, 10:47:36 pm »
WFP window cleaner can clean 300-400 per month.
Broken down thats 15-20 customers per day.
Reaching parts traditional window cleaners can not reach.

♠Winp®oClean♠

  • Posts: 4085
Re: VAT Threshold
« Reply #15 on: October 04, 2009, 10:48:52 pm »
I am hoping to employ in the new year, my target before spring is to have 2 more vans and atleast 3 guys working for me.




Matt

there you go winp, matt is soon to be seen on dragons den ;D


Hey, I'm no wimp!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



Oh, I see, WINP ;D ;D ;D ;D ;D

Ste M

  • Posts: 1824
Re: VAT Threshold
« Reply #16 on: October 04, 2009, 10:50:15 pm »
WFP window cleaner can clean 300-400 per month.
Broken down thats 15-20 customers per day.

is that it? are you new to this matt ;D? i can do around 30 with ease as a traditional no probs, hoping to make that over 40 with the backpack

Sapphire Window Cleaning

  • Posts: 2942
Re: VAT Threshold
« Reply #17 on: October 04, 2009, 10:50:50 pm »
I'm moving down to Essex later this month.
I already have an ad in the yellow pages down there, I am having ads in the local paper and having 25,000 leaflets delivered each month, so should gain customers pretty quickly.




Matt
Reaching parts traditional window cleaners can not reach.

Ste M

  • Posts: 1824
Re: VAT Threshold
« Reply #18 on: October 04, 2009, 10:51:00 pm »
I am hoping to employ in the new year, my target before spring is to have 2 more vans and atleast 3 guys working for me.




Matt

there you go winp, matt is soon to be seen on dragons den ;D


Hey, I'm no wimp!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



Oh, I see, WINP ;D ;D ;D ;D ;D

 ;D ;D ;D

♠Winp®oClean♠

  • Posts: 4085
Re: VAT Threshold
« Reply #19 on: October 04, 2009, 10:52:04 pm »
WFP window cleaner can clean 300-400 per month.
Broken down thats 15-20 customers per day.

No good if they're £5 a pop!

You wouldn't do 15-20 of many of our accounts per day! More, 3-4. ;)