Originally posted by alloverit
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
VAT Flat Rate Scheme Update
Collapse
X
Collapse
-
-
Originally posted by Maslins View PostMy 2 cents - don't do it. Far more trouble than it's worth. Assuming you're currently on FRS and don't want to be from April, change based on the closest VAT quarter end to 31 Mar.Comment
-
I am waiting for Acknowledge a request to come off FRS as of start of current quarter. My book keeping is falling behind waiting for NW to change Vantage over... I think it is about 5 weeks since requested now.Comment
-
So buying stuff on eEbay isn't a goer, even if it's significant?
I can make a good 10% profit on apple products, why can't I use my ltd company to do that?Comment
-
Originally posted by MarkT View PostI can make a good 10% profit on apple products, why can't I use my ltd company to do that?See You Next TuesdayComment
-
Originally posted by Lance View PostYou can. And you'll be a different trade and have to change your FRS VAT rate anyway.Comment
-
Originally posted by Lance View PostYou can. And you'll be a different trade and have to change your FRS VAT rate anyway.First they ignore you, then they laugh at you, then they fight you, then you win. But Gandhi never had to deal with HMRCComment
-
Originally posted by RonBW View PostOnly if it is the dominant part of the business would you need to reclassify.
Thanks allComment
-
Originally posted by MarkT View PostI am "other" anyway so I'd carry on as I am. I have wanted to diversify and have a plan B for some time, this is just making me get off my rear and do it properly.
Thanks all
(Not saying you shouldn't be, you understand, but I've seen many contractors abusing the system by claiming not to fit in to any category. The Limited Cost Trader rule will certain address this)Comment
-
Fair question
I perform PMO services, not project management, not exclusively to any specific industry either. I don't manage projects and I work in IT, Business, Defence and other industries.
My plan B is selling Apple products that I can make 10% on, it's hopefully going to grow as I get bigger discounts for buying bulk.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment