Limited Company Flat rate Vat

[MarillionFan]

Depends on the rate of VAT for each expense class, doesn't it?

There is no answer.

So you can't do it? Ok. No problem

[macgabhr]

So you can't do it? Ok. No problem

BAcially vat is calculated at 20% but for certain contractors vat may be paid at a lower rate for example 11% for agricultural services. So therefore if you are registered for vat you can cliam back the surplus of inthis case 9% but I want to know is this subject to corporation tax because technically it is profit for the company?

[SimonMac]

BAcially vat is calculated at 20% but for certain contractors vat may be paid at a lower rate for example 11% for agricultural services. So therefore if you are registered for vat you can cliam back the surplus of inthis case 9% but I want to know is this subject to corporation tax because technically it is profit for the company?

And I answered your question you ungrateful dumbass, next time say thank you!

[northernladuk]

And I answered your question you ungrateful dumbass, next time say thank you!

OMG LOL!!! Why can't we say that in the other forums

[northernladuk]

BAcially vat is calculated at 20% but for certain contractors vat may be paid at a lower rate for example 11% for agricultural services. So therefore if you are registered for vat you can cliam back the surplus of inthis case 9% but I want to know is this subject to corporation tax because technically it is profit for the company?

Yes

(and this is an IT forum not an agricultural one)

[AtW]

(and this is an IT forum not an agricultural one)

It is in General

[MarillionFan]

It is in General

WHS

It's full of sh1t in here.

[TheFaQQer]

It is in General

That just means it's with the rest of the slurry

[macgabhr]

And I answered your question you ungrateful dumbass, next time say thank you!

Answering with a simple yes or no isn't exactly worthy of a thanks, you have no reasoning for answer so justify it and then i'll thank you asswipe.

[EternalOptimist]

FRS will make you a couple of hundred quid a year, plus its slightly easier to administer.
Proper contractors dont do expenses


hth