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Leave VAT Flat Rate when mainly just Travel Expenses reclaimable?

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    #11
    In true NLUK fashion I asked my accountant who mentioned I would be marginally better off by coming off it but to weigh it up against the extra admin burden. His calculations didn't include the VAT I would be saving off his fees, technical subscriptions, insurances never mind impending purchases like a new mobile phone and other tech. As for the extra burden I've worked out he's talking about himself as all I do is fill a spreadsheet . In the words of Duncan Banatyne, I'm out!!

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      #12
      Originally posted by SlipTheJab View Post
      In true NLUK fashion I asked my accountant who mentioned I would be marginally better off by coming off it but to weigh it up against the extra admin burden. His calculations didn't include the VAT I would be saving off his fees, technical subscriptions, insurances never mind impending purchases like a new mobile phone and other tech. As for the extra burden I've worked out he's talking about himself as all I do is fill a spreadsheet . In the words of Duncan Banatyne, I'm out!!
      I'm staying on FRS as I really just cba about the hassle of claiming this, that, & the other, & increased admin. Benefit will be less than previous [given], yes, but really CBA.
      Clarity is everything

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        #13
        Originally posted by SlipTheJab View Post
        In true NLUK fashion I asked my accountant
        That's my boy!!
        'CUK forum personality of 2011 - Winner - Yes really!!!!

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