Flat VAT Flat VAT
Posts 1 to 2 of 2

Thread: Flat VAT

  1. #1

    thunderlizard

    Guest

    Default Flat VAT

    Anybody else going for the flat rate VAT registration? (thanks to SJD for pointing it out, full story on CUK news). My back-of-a-Rizla calculations tell me you're better off as long as you spend less than £127 on VAT-able expenses per £1000 you bill, which I reckon many of us will.

  2. #2

    fiddleabout

    Guest

    Default

    Certainly looks more attractive now they have dropped it to 13%. I'll do the sums but it sounds good to me - the old 14.5% would have actually cost me money.

    *update*
    It did look good and I've asked my accountant to get me switched over.

    On a seperate issue the C&E issued me with a fresh VAT registration document showing my trade classification as 72600 other computer related activities.

    Anybody else have this? May be after my telephone VAT inspection where I went over all my company activities. I did wonder if it might give me an even better flat rate but it doesn't seem so - they go by description not the code numbers they have issued

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •