Discuss Vat in the Plumbing Jobs | The Job-board area at PlumbersForums.net
Can only be done with separate office, vans, address. Too much hastle.I've never been vat reg,but every tradesman I have spoken to has regretted it.You loose a lot more work when you stick 20% on.If you think your going to hit the threshold of ÂŁ75k(I think) you can start up a second company & run 2 non vat reg companies(so an accountant tells me).
If you plan to stay small, then there are a variety of tricks you can use to stay under the thresshold. However, they all say "I am a business that is never going to grow".
If you have aspirations to grow your business, then you don't have to like it, but you have to learn to live with it.
Thanks guys. The threshold is currently ÂŁ81000.
Na, per weekYou guys earning ÂŁ81k a year?? Jesus
Thing is I reckon 81k is not too hard to reach. Even if you only fit 1 boiler per month, that's about ÂŁ10k alreadyYou guys earning ÂŁ81k a year?? Jesus
Turnover....NOT profit.You guys earning ÂŁ81k a year?? Jesus
TurnoverSo is this 81k labour only profit?
I'm going to look into doing a business course next year. I'm pretty clueless tbh on starting a business
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