If VAT is cut down to 15% how will this effect our LTD Co? apart from only being able to charge clients 15% VAT i see it means we make less income from VAT benefit if youre on a fixed rate VAT scheme....please correct me if i am wrong...
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That would be right...which would really go against the governments plans...im hoping they will announce a extra 1% compensation on how much we get too keep or something to offset the loss....Originally posted by diesel View PostIf VAT is cut down to 15% how will this effect our LTD Co? apart from only being able to charge clients 15% VAT i see it means we make less income from VAT benefit if youre on a fixed rate VAT scheme....please correct me if i am wrong...
All that said, im glad the government are doing something to try and kick start everything...I would sacrifice some VAT income for a more stable economy...more chance of that next contract etc.... -
Well finally goverment get the hands out and do something..albeit late!Originally posted by oafc0000 View Post
I very much doubt they will announce an extra 1%.
Personally wish they would tax the fat cat bankers more to compensate for everyone else....
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