[dazmond]

Are you over splash or a flyer under the limit?

VAT registered at the moment but down sizing and selling off loads of work going to semi retire soon

You ve been saying that for years!

[Splash & dash]

Are you over splash or a flyer under the limit?

VAT registered at the moment but down sizing and selling off loads of work going to semi retire soon

You ve been saying that for years!

Yes I know it all came to a grinding halt with covid  couldn’t organise the change over then but will all be in place by spring next year sold off over 2,000 jobs already so it’s getting there slowly

[Perfect Windows]

Personally, I think the VAT threshold in this day and age is far too low. It hits the small businesses who are the backbone of our economy and is a cash cow for our chancellor.

I disagree. It should be far lower. About £30k so really tiny businesses aren't hit. It'd also make the hit when you do go through it far more bearable and everyone bar the smallest business would be on an even footing.

It's been calculated that move to a £30k limit and a drop to a 17.5% rate would be neutral. Get rid of all the exemptions while you're at it and you'd be down to about 8%.

Vin

[jay moley]

I'm £5k away from it.

What kind of turnover makes it doable to be VAT registered?

Can't you pay a flat rate (not that I understand it)? Is that better?

If you decide to stay below is the idea to increase your prices so you have less work to do to earn the same money?