VAT Flat Rate

[PAG]

I am on FRS VAT. If I started my company mid July 2006 and started trading mid August 2006 ......

After 1 year, I start paying 13% and not 12%.

The question is when does 1 year complete ....
1. time the company was inaugurated or
2. form the time you started trading ???

[BA to the Stars]

As far as I know, neither, it is 12 months from your date of registration

[TheFaQQer]

As far as I know, neither, it is 12 months from your date of registration

12 months from the date of VAT registration.

[PAG]

As far as I know, neither, it is 12 months from your date of registration

Do you mean 12 months from the company registeration or 12 months from VAT Registration ??

[Bluebird]

VAT reg

[XLMonkey]

Strictly, its 12 months from the date that you registered on the flat rate scheme (so, you could have registered for VAT on 1 August, changed to the FRS VAT scheme on 1 September - your discount applies until 31 August of the next year)

[BA to the Stars]

As far as I know, neither, it is 12 months from your date of registration

Yup, sorry for the confusion, meant from date of VAT registration. XLMonkey has it right

[XLMonkey]

I thank you....:-)

[THEPUMA]

I thank you....:-)

it's actually 12 months from VAT registration not 12 months from flat rate registration.

don't you just hate it when that happens?!

[XLMonkey]

it's actually 12 months from VAT registration not 12 months from flat rate registration.

don't you just hate it when that happens?!

Arse. Oh well, at least England won the cricket yesterday