flat rate vat scheme question

[Michael at BI Accountancy]

the accountant has said it would cost an additional £100+vat for the year. i.e. 750+vat as oposed to 650+vat if he didn't register me for vat.

£100+VAT to register for VAT...I'm in the wrong game, oh wait !

I'd make sure there wasn't some other cost associated with the actual VAT returns, if they are going to charge you £100 for registering they sure as hell are not going to prepare and submit the VAT returns for free.

[SueEllen]

@Kristen330 you can learn to do VAT yourself there are lots of guides from accountants online.

If you only have one client it is very easy.

[northernladuk]

Or get a better accountant....

[kristen330]

£100+VAT to register for VAT...I'm in the wrong game, oh wait !

I'd make sure there wasn't some other cost associated with the actual VAT returns, if they are going to charge you £100 for registering they sure as hell are not going to prepare and submit the VAT returns for free.

Sorry I wasn't clear. It's £120 for vat reg + vat returns, and vat de-reg when winding down the company. I think that's pretty reasonable. As I posted earlier though, I don't think I will bother registering for VAT as my daily rate isn't high enough for it to make much difference on a monthly basis. If I'm ever in the fortunate position of earning £300/day+, then i'll use my 1% bonus to use on that contract!

Think i'm going to try to get a perm job after this, or go back to uni. Contracting and temping is too unstable a lifestyle! At least I can say I've tried it though!