Originally posted by TheFaQQer
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Limited Company Flat rate Vat
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What happens in General, stays in General.You know what they say about assumptions! -
Originally posted by MarillionFan View PostSo 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?Comment
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Originally posted by macgabhr View PostBAcially 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?Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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Originally posted by SimonMac View PostAnd I answered your question you ungrateful dumbass, next time say thank you!'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by macgabhr View PostBAcially 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 this is an IT forum not an agricultural one)'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View Post(and this is an IT forum not an agricultural one)Comment
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Originally posted by SimonMac View PostAnd I answered your question you ungrateful dumbass, next time say thank you!Comment
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FRS will make you a couple of hundred quid a year, plus its slightly easier to administer.
Proper contractors dont do expenses
hth
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("")("") Born to Drink. Forced to WorkComment
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