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thanks, thats exactly what I wanted to know. I'll speak to accountant about this as well but its always better to be prepared and know how this should work rather than rely on accountant to tell you the "truth".... :-)
HSBC - had sortcode and account at the end of the meeting.
I've arranged company on Sat, documents in email came through on Monday, appoint accountant Tuesday, Wednesday meeting at HSBC to open account and I'm all set.
(just another 20 different insurances, pension bla bla bla to sort out but...
Ok quick one - HRMC says that I can claim VAT back on pre registration expenses even if I am on the flat rate scheme. Two things I want to clarify
1. it doesn't need to be usual £2000 capital expenditure - can be any amount pre registration
2. does it need to be EXACTLY before registration date...
does it need to be BEFORE registration or is it within first 6 months since registration (regardless if FRS or normal)?
EDIT: ok I've found it. Services up to 6 months before registration, good up to 4 years before registration.
Also how does the switch from FRS to normal VAT claiming works...
thanks!!!
I'm not asking for spoon feeding - I WILL be using accountants and read SJD guide back to back. What I want to do is ask for confirmation that I do understand things correctly myself as well.
I'll get on further reading because I think its the VAT that I'm yet to understand fully.
hi, first post here so please don't flame me :-)
I'm just about to go contracting, currently in permanent role but I've agreed to the role already and will be signing up contract early this coming week.
I've already sent out company registration application using SJD so waiting for this to go...