View Poll Results: Are you going to move off the FRS?

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  • Yes

    24 48.98%
  • No

    10 20.41%
  • Not sure yet

    15 30.61%
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  1. #1

    Still gathering requirements...


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    Default Are you going to move off the FRS?

    Are you going to move off the FRS?

  2. #2

    Contractor Among Contractors

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    Not immediately. I'm going to run it for a little while first. Toying between deregistering and losing all VAT recovery on the little expenditure I do have, and going full on with all the faffy admin that entails.
    I reject your reality and substitute my own - Adam Savage
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  3. #3

    Fingers like lightning


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    Quote Originally Posted by ladymuck View Post
    Not immediately. I'm going to run it for a little while first. Toying between deregistering and losing all VAT recovery on the little expenditure I do have, and going full on with all the faffy admin that entails.
    The deregistration limit is lower than registration. If you're working in London (which if IIRC you are) then that's quite a modest day rate. You're still better off with your couple of hundred pounds on the FRS than deregistering.

    My plan is to stay on FRS even though it will cost me, and review in a few months. I also CBA with the admin.

  4. #4
    eek
    eek is offline

    bored now

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    Quote Originally Posted by teapot418 View Post
    The deregistration limit is lower than registration. If you're working in London (which if IIRC you are) then that's quite a modest day rate. You're still better off with your couple of hundred pounds on the FRS than deregistering.

    My plan is to stay on FRS even though it will cost me, and review in a few months. I also CBA with the admin.
    I felt the same way with the admin. Then signed up for a Freeagent accountant added a £7 a month app to process expenses and its going to be less hassle than what I had to do before...
    merely at clientco for the entertainment

  5. #5

    Fingers like lightning


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    You don't have to claim back everything, how hard is it to claim back just the big items, or those that automatically come with a VAT receipt?

  6. #6

    I live on CUK

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    Quote Originally Posted by BigRed View Post
    You don't have to claim back everything, how hard is it to claim back just the big items, or those that automatically come with a VAT receipt?
    ^^^This

    Some costs you will have every month and won't vary.
    "You’re just a bad memory who doesn’t know when to go away" JR

  7. #7

    Still gathering requirements...


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    On the day my discount runs out, yes.

  8. #8

    More time posting than coding


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    When my first years 1% discount ends then possibly.

  9. #9

    Super poster


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    Letter goes in the post today.

  10. #10

    My post count is Majestic

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    Haven't looked into it yet but I'm tempted - at least I'd get VAT back on my accountant's bill
    Quote Originally Posted by MaryPoppins View Post
    I'd still not breastfeed a nazi
    Quote Originally Posted by vetran View Post
    Urine is quite nourishing

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