One for the traders...
13-07-2005, 11:24 AM
#3
CUNT!
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Probably not, more aggravation then it's worth IMO - best to avoid the VAT man where possible. Guess it depends on your personal circumstances though.
13-07-2005, 11:40 AM
#4
PassionFord Post Whore!!
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i part own a car parts company (dont trade on here anymore though).
Just wondering as i feel i may not always be getting taken seriously with me not being vat registered... hmmmmmmmmm..
Just wondering as i feel i may not always be getting taken seriously with me not being vat registered... hmmmmmmmmm..
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13-07-2005, 05:56 PM
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It depends on how much of your business is VAT claimable. It has its positive and negative points.
VAT returns are a bit time consuming and you need to know what you can and can't claim for, but then being an ex-Accountant I've done it a thousand times
And no, you don't have to be VAT registered but it does help, ie: setting up customer/supplier accounts and obtaining credit etc.
VAT returns are a bit time consuming and you need to know what you can and can't claim for, but then being an ex-Accountant I've done it a thousand times
And no, you don't have to be VAT registered but it does help, ie: setting up customer/supplier accounts and obtaining credit etc.