VAT Flat Rate Scheme Category

[FrontEnder]

Thanks for assuming I'm after the extra 2.5% but I'm actually trying to choose the right category so I don't get into trouble later on... don't be so skeptical... anyway thanks for the advice, guess I was right the first time before I started over thinking it.

You're never going to get into trouble by paying more than necessary.

[MrMarkyMark]

Thanks for assuming I'm after the extra 2.5% but I'm actually trying to choose the right category so I don't get into trouble later on... don't be so skeptical... anyway thanks for the advice, guess I was right the first time before I started over thinking it.

OK, If "'Any other activity that is not listed elsewhere" was the higher % would you have been "over thinking" it then?

Just sayin'

[ContractorBanking]

How easy is it to change FRS categories and how do I go about it?

Just realised should be in another category after reading it online.

Does it take time?

[northernladuk]

Wouldn't your accountant be able to sort this out for you? That said why didn't they spot it?

[ContractorBanking]

Wouldn't your accountant be able to sort this out for you? That said why didn't they spot it?

pinged him a mail but he's away for a few days.

my fault totally as I insisted on the particular FRS banding but after reading it online, I could be a in a better category.

anyway, anyone know the process? VAT helpline is busy, so going to try later in the day..

[northernladuk]

pinged him a mail but he's away for a few days.

my fault totally as I insisted on the particular FRS banding but after reading it online, I could be a in a better category.

anyway, anyone know the process? VAT helpline is busy, so going to try later in the day..

IMO just let him deal with it. You've already ****ed up trying to lead off with something you know nothing about and you appear to be wanting to carry on the sorry story. Indicate your preference to your accountant, apologise and admit he was right and then let him deal with it. You have a professional on board so you don't cock up, you have and you still don't want to let the professional deal with it...

You haven't got an accountant have you really??

[Plurs]

OK, If "'Any other activity that is not listed elsewhere" was the higher % would you have been "over thinking" it then?

Just sayin'

It was when registering for VAT and having to complete the most relevant categories for SIC 2007 that I realised that that their definition of IT Consultancy is that of someone who plans systems, which made me go back and rethink what I had selected before.

Anyway....

[Alan @ BroomeAffinity]

Worth bearing in mind that the point of the FRS is to simplify your book-keeping not save you a couple of quid. The argument could be made that it's fulfilled its remit even if you are on a higher rate than you should be.

[Plurs]

Worth bearing in mind that the point of the FRS is to simplify your book-keeping not save you a couple of quid. The argument could be made that it's fulfilled its remit even if you are on a higher rate than you should be.

That's exactly why I want to use the FRS, I'm not fussed about 2.5% like everyone seems to think... just don't want to choose the wrong category! Thanks for your reply.

[MrMarkyMark]

It was when registering for VAT and having to complete the most relevant categories for SIC 2007 that I realised that that their definition of IT Consultancy is that of someone who plans systems, which made me go back and rethink what I had selected before.


Anyway....

So you don't plan, document, or state what you are going to configure?
Strange, because I always have