New VAT reg query

[DesDixon]

I will be registering for FRS but I wondered do I apply for the relevant rate as per normal (given the changes that are coming to FRS) and switch over later?

[TheCyclingProgrammer]

Personally I wouldn't bother with the FRS if you think you'll be caught by the new rules.

[DesDixon]

What are those on here intending to do?

[adubya]

Get your accountant's advice.

[DesDixon]

Get your accountant's advice.

You beat NLUK to it. I will, in due course (after he returns from hols).

So what are your plans with regards to VAT?

[SueEllen]

What are those on here intending to do?

I'll very likely go on to normal VAT.

[kaiser78]

I'll very likely go on to normal VAT.

But FRS will still be simpler to operate even with the new band ?

[SlipTheJab]

But FRS will still be simpler to operate even with the new band ?

+1 I've always viewed the FRS bonus as just that, it's gone now but given that my expenses are in the main train travel and accountants fees I'll get no benefit (and more hassle) if I switch, and my purchase of a new laptop/phone every 3 years is over 2k anyway so I'll get the VAT back on that anyway, so it's as you were for me!

[SueEllen]

But FRS will still be simpler to operate even with the new band ?

Depends on your contracts.

[Lance]

But FRS will still be simpler to operate even with the new band ?

VAT returns are my accountants problem so no extra work for me.