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anderclean

  • Posts: 314
vat etc.
« on: June 07, 2024, 11:44:34 am »
hi guys
any help/advice on vat, specifically flat rate, we're around the 100k mark
accountant thinks it's 16.5% - don't know why it's not 11% then 12% !!?
any shared  experience appreciated..

dazmond

  • Posts: 23966
Re: vat etc.
« Reply #1 on: June 07, 2024, 12:06:49 pm »
hi guys
any help/advice on vat, specifically flat rate, we're around the 100k mark
accountant thinks it's 16.5% - don't know why it's not 11% then 12% !!?
any shared  experience appreciated..

Your accountant should know these things not just pluck a percentage out of thin air.....I think you need another accountant!
price higher/work harder!

dazmond

  • Posts: 23966
Re: vat etc.
« Reply #2 on: June 07, 2024, 12:11:46 pm »
It's 12% after a quick Google search.....
price higher/work harder!

dazmond

  • Posts: 23966
Re: vat etc.
« Reply #3 on: June 07, 2024, 12:14:25 pm »


It's defo 12%
price higher/work harder!

Arnold Palmer

  • Posts: 20775
Re: vat etc.
« Reply #4 on: June 07, 2024, 12:24:07 pm »
hi guys
any help/advice on vat, specifically flat rate, we're around the 100k mark
accountant thinks it's 16.5% - don't know why it's not 11% then 12% !!?
any shared  experience appreciated..

There isn't any category that's 16.5%

https://www.gov.uk/vat-flat-rate-scheme/how-much-you-pay

Ask him how he arrived at that figure.

I reckon it's 11% for 1 year



Then 12% (any other category not listed)


Richard iSparkle

  • Posts: 2491
Re: vat etc.
« Reply #5 on: June 07, 2024, 12:33:30 pm »
hi guys
any help/advice on vat, specifically flat rate, we're around the 100k mark
accountant thinks it's 16.5% - don't know why it's not 11% then 12% !!?
any shared  experience appreciated..

We were 12% as domestic window cleaners when i was on flat rate.

Just moved to full VAT :(
iSparkle Window Cleaning

www.isparklewindowcleaning.uk

anderclean

  • Posts: 314
Re: vat etc.
« Reply #6 on: June 07, 2024, 01:45:45 pm »
Thanks guys
think we filled out the gov.uk forms wrong

Richard, did you go from 12% to 20% ?!