[Ian101]

had a quick look on gov't website and nothing in particular on their list for window cleaners ?

also am I right in thinking you can claim vat back on big items over £2000 e.g a van ?

early stages of going vat registered and may just end up registering on normal as can claim back all vat on everything then.

please share your experience's / knowledge 

[Richard Stevenson]

Flat rate scheme definitely worth it as charge customers 20% pay tax man 12%. Only items above 2k can be claimed back.

[concept]

Be careful what you state on here.

You can't claim VAT back on every item over £2000.

[Perfect Windows]

What you can claim back: https://www.gov.uk/government/publications/vat-notice-733-flat-rate-scheme-for-small-businesses/vat-notice-733-flat-rate-scheme-for-small-businesses#reclaim-of-vat-on-capital-expenditure-goods

Look down that document and you'll see that when you dispose of the item you have to account for VAT at the 20% rate, not flat.

Vin

[Ian101]

thanks fellas ! 

[Rogue Trader]

12% is payable on the gross turnover, not net turnover. + 12% , might not seem too different but work it out and it is 2 or 3 % different , so you are not keeping back 8% (difference between 12% and 20%) to cover vat on your purchases but more like 5 %.

[Rogue Trader]

sorry just read that back and i dont think i explained it very well.

in vat proper you pay 20% of your net turnover,

with flat rate you dont pay 12% of your net turnover , you pay 12% on the gross turnover.

meaning that you pay 12% of your net turnover + 12% of the 20% VAT that you collect.

not as good as it seems!

[Arnold Palmer]

Speak to an accountant. Any accountant worth his salt will tell you in 2.5 seconds exactly how much the flat rate will save you.