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ANOTHER BORING VAT Question!!!! Thankyou kindly

28 replies

MellowMa · 25/09/2007 11:54

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Pixiefish · 25/09/2007 11:54

from the date he went Vat registered

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MellowMa · 25/09/2007 12:25

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Tinker · 25/09/2007 12:30

Well depends. Can reclaim VAT on some stuff prior to reg

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Tinker · 25/09/2007 12:32

Here might help

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MellowMa · 25/09/2007 12:44

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MellowMa · 25/09/2007 12:50

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Tinker · 25/09/2007 12:54

I think you might be worrying unnecessarily??? [hopeful rictus grin emoticon] Why not ring HMRC and ask for some help here

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Kewcumber · 25/09/2007 12:57

hionestly don't worry. VAt is much simpler than you might think. Don;t worry about reclaiming old stuff just start accoutning for VAT on the day he becomes VAT registered and your VAT package should calculate your VAt payment for you and probabaly even print out a return (or at least print out what you need to write on the return).

If your boss wants to reclaim old VAt he can pay someone qualified to do it.

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MellowMa · 25/09/2007 13:09

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MellowMa · 25/09/2007 13:43

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MellowMa · 25/09/2007 15:07

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MellowMa · 25/09/2007 15:07

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Tinker · 25/09/2007 15:09

No. Just get on with it

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Pixiefish · 25/09/2007 15:27

Just to complicate things soem things are Vat exempt. My dad is a funeral director and some things aren't Vatable but others are

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MellowMa · 25/09/2007 15:27

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MellowMa · 25/09/2007 15:28

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bigwombat · 25/09/2007 15:33

Don't worry! What does the business do? (then we can comment on whether there are likely to be VAT issues!)

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MellowMa · 25/09/2007 15:48

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Pixiefish · 25/09/2007 15:51

With my dad for example- removing a memorial for burial is zero rated (as it's a necessary thing and not a luxury), most of the funeral is zero rated but the gravestone and flowers and things like that have VAT on them. Dh sells IT equipment and there are little idiosyncracies there. Second hand equipment differs to the new stuff. Personally I'd ringt he VAT office and have a chat

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MellowMa · 25/09/2007 17:17

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Kewcumber · 25/09/2007 19:52

or alternatively you can just look on the invoice to see whether it is zero rated/exempt/17.5%. Or you could read the long tedious manual....

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MellowMa · 26/09/2007 08:19

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MellowMa · 26/09/2007 08:33

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CantSleepWontSleep · 26/09/2007 08:43

I think you'll find that the services your company are providing are all VATable at 17.5%, as as Kew says, just look at the invoices from your suppliers to see whether there is VAT on them or not.

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CantSleepWontSleep · 26/09/2007 08:43

(I think you are secretly enjoying all this btw ).

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