VAT registered yes or no

« **on:** October 12, 2007, 10:13:08 pm »

Not asking for names, not if you dont want to , just how many are vat registered.

Well are you or arent you , please vote

« **Reply #1 on:** October 12, 2007, 10:19:28 pm »

After reading some of the posts about prices people charge I should think that there will be quite alot that vote yes

I would like to know who does vote yes. will you be one of them Dave

« **Reply #2 on:** October 12, 2007, 10:27:45 pm »

im not but would like to think i will achieve that in 18 months max

« **Reply #3 on:** October 12, 2007, 10:32:43 pm »

window cleaning domestic no try not to to be honest as 17.5% price hike or swallow little much I thought so opted to spilt, may hit vat this year on the website side and also commercial as this is the next target more so on commercial this is being geared up now and have spent ££££;s in the last few weeks getting what I hope is right (apart from the number

)

the website side no doubt at all that will hit

then again I cant complain so

« **Reply #4 on:** October 12, 2007, 10:33:50 pm »

Hi
Not trying to go off topic, But.

I know (think) there is a limit at which you HAVE TO be VAT registered.

But is there any advantage if you earn a fairly good amount & and spend a good amount, in opting to register, then claim all that VAT we pay out?

I may have it completely wrong & the idea may be way off base but does anyone know enough to put me right?

Thanks
Martin

« **Reply #5 on:** October 12, 2007, 10:34:52 pm »

If I was earning less than the VAT limit (€35K gross) I'd be depressed,... and probably hungry too!
In Ireland, goods are 21% and services are 13.5%,.. so it works in my favour all the time.

« **Reply #6 on:** October 12, 2007, 10:37:13 pm »

Quote from: pure-water on October 12, 2007, 10:33:50 pm

Hi
Not trying to go off topic, But.

I know (think) there is a limit at which you HAVE TO be VAT registered.

But is there any advantage if you earn a fairly good amount & and spend a good amount, in opting to register, then claim all that VAT we pay out?

I may have it completely wrong & the idea may be way off base but does anyone know enough to put me right?

Thanks
Martin

there is a limit, and it is swings and round abouts and many different things to consider can be a plus or can cost you a stack found that out years ago by listening to someone that thought they new, speak to an accountant or the IR they have the facts (if nothing else listen to the last part of what I just posted)

« **Reply #7 on:** October 12, 2007, 10:38:46 pm »

BEING VAT REGISTRED in reallyty you are only paying 82.5% off all your gear, presuming that the seller is vat registred

« **Reply #8 on:** October 12, 2007, 10:41:46 pm »

Windowwasher
If you are about to hit the vat threashold with web design & are a property developer also, why are you cleaning windows?

tony

« **Reply #9 on:** October 12, 2007, 10:44:41 pm »

Quote from: Dave morris @ st-ives on October 12, 2007, 10:38:36 pm

#ian

in what way did you split to avoid vat,

avoid Vat no did not want to go there at the time yes. Ispilt the company in half, with brother, I own mine he ows his, he does what he likes I carry on building, I know I am going to pay vat its a matter of when not if

I may find it a benifit but at the start I guess not, but thats just another hurdle I will get over when the time comes, Staff is my major problem, hence investing quite a sizable chuck of money I have into water fed pole etc etc etc, I want the next level and the one above that, I see you do well that should prompt people to do better, it does me, and while I am writting, I hope i did not in away offend you about the mobilre/landline thing. I did marketing for many years and design, which I still do now,
from what I hear the vat limit has just gone up, I have not looked for a while anyone know hwt is is now?

Ian

« **Reply #10 on:** October 12, 2007, 10:45:18 pm »

Quote from: macmac on October 12, 2007, 10:41:46 pm

Windowwasher
If you are about to hit the vat threashold with web design & are a property developer also, why are you cleaning windows?

tony

Because there is a market for it :

thats like asking why Richard Brason sold records when he is already rich (reason he made 9 million from in) why stop if you make money, I earn for my family, when I leave this planet I want my kids to have the start I never did, is that so bad ?

« **Reply #11 on:** October 12, 2007, 10:48:14 pm »

Ian

I have got very thick skin and nothing offends me, lifes to short.

The Vat limit is now £64k, its nothing to be scared of , just another landmark in your road to success

« **Reply #12 on:** October 12, 2007, 10:50:07 pm »

Quote from: windowwashers on October 12, 2007, 10:45:18 pm

Quote from: macmac on October 12, 2007, 10:41:46 pm
Windowwasher
If you are about to hit the vat threashold with web design & are a property developer also, why are you cleaning windows?

tony
Because there is a market for it :

thats like asking why Richard Brason sold records when he is already rich (reason he made 9 million from in) why stop if you make money, I earn for my family, when I leave this planet I want my kids to have the start I never did, is that so bad ?

Dream on.

« **Reply #13 on:** October 12, 2007, 10:51:16 pm »

Quote from: Dave morris @ st-ives on October 12, 2007, 10:48:14 pm

Ian

I have got very thick skin and nothing offends me, lifes to short.

The Vat limit is now £64k, its nothing to be scared of , just another landmark in your road to success

is it that high now

thats good.
agree with lifes to short had real bad news this year time after time nothing money can solve

« **Reply #14 on:** October 12, 2007, 11:37:45 pm »

Split in 2 Dave, domestic / commercial.

I know someone in the building trade he has one business vat and one non vat.

I went vat but now reversing it as have put it into two businesses, not that I have reached 64k

« **Reply #15 on:** October 12, 2007, 11:57:49 pm »

Quote from: D.A. Services on October 12, 2007, 11:37:45 pm

Split in 2 Dave, domestic / commercial.

is that legal ?

« **Reply #16 on:** October 13, 2007, 12:02:29 am »

I'm nowhere near VAT level. I can't see it happening while I'm a sole trader either. £64k is a lot of windows for one guy to clean in a year. On my own I doubt I would be physically able to manage it. If I employed someone then I'm sure it would eventually achievable.

« **Reply #17 on:** October 13, 2007, 08:23:51 am »

Quote from: Dave morris @ st-ives on October 12, 2007, 11:57:49 pm

Quote from: D.A. Services on October 12, 2007, 11:37:45 pm
Split in 2 Dave, domestic / commercial.

is that legal ?

as far as I am aware it is if they are two seperate companies, i will be talking to someone about it soon i think at the mo i dont need to

« **Reply #18 on:** October 13, 2007, 08:28:52 am »

Quote

Quote from: Dave morris @ st-ives on Yesterday at 11:57:49pm
Quote from: D.A. Services on Yesterday at 11:37:45pm
Split in 2 Dave, domestic / commercial.

is that legal ?
as far as I am aware it is if they are two seperate companies, i will be talking to someone about it soon i think at the mo i dont need to

I'm not sure it is legal... I don't think 2 companies can use the same equipment etc...

Andy

« **Reply #19 on:** October 13, 2007, 09:16:27 am »

its not leagal but there are ways to work around it so iv been told.

I do think the goverment should consider not putting vat on income from domestics i mean how can i say to miss smith your windows are going up 17.5 % for vat?? they would just go else were.
competition is already tight enough and there is so many cow boys out there and lads who dont meet the vat threshhold!!

Poll

Are you vat registered