So VAT is getting slashed to 15%, and our flat rate will be going to 11.5%....which means for someone who normally earns £400 per day (and works an average of 23 days per month)...
Used to invoice for: -
23 x 400 x 1.175 = £10,810
minus 13% VAT = 1,405.30
= £9,404.70
Now: -
23 x 400 x 1.15 = £10,580
minus 11.5% VAT = 1,216.7
= £9,363.30
So will you be passing this saving of "-£41.40" on to your client, like the government says you should?
And if you dont, how will you morally live with yourself?!!!
Used to invoice for: -
23 x 400 x 1.175 = £10,810
minus 13% VAT = 1,405.30
= £9,404.70
Now: -
23 x 400 x 1.15 = £10,580
minus 11.5% VAT = 1,216.7
= £9,363.30
So will you be passing this saving of "-£41.40" on to your client, like the government says you should?
And if you dont, how will you morally live with yourself?!!!
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