Reply to: Newbie Question - Quote Rate Including/Excluding VAT?

[EternalOptimist]

I maybe be wrong, but charities can not claim back VAT. In which case having a company not registered for VAT will save the end client 20% if you go direct with them.

er.. how will this save the end client 20% ?

[Masher]

Neither are banks. But you'll only be able to work three months a year

Does anyone know the situation for life assurance companies?

[swamp]

I maybe be wrong, but charities can not claim back VAT. In which case having a company not registered for VAT will save the end client 20% if you go direct with them.

Neither are banks. But you'll only be able to work three months a year

[Paddy]

your rate should not include VAT.

you claim VAT from the client at the standard rate, you pay the tax man at the flat rate, the client claims it back from the tax man.


there is lots of paperwork and bollocks, we make a little, the taxpayer loses a little

its a typical blivet by government

I maybe be wrong, but charities can not claim back VAT. In which case having a company not registered for VAT will save the end client 20% if you go direct with them.

[MarillionFan]

Yes.

But don't be afraid - if you manage to stay unbanned by the time you make 20 or so posts, then you'll learn when to laugh, when to clap and most importantly when to shut up.

Welcome to CUK.

Unless you look like a prawn, at which point after 20000 posts you still wouldn't have figured it out.

[AtW]

And is there a private joke I'm missing there?

Yes.

But don't be afraid - if you manage to stay unbanned by the time you make 20 or so posts, then you'll learn when to laugh, when to clap and most importantly when to shut up.

Welcome to CUK.

[MaryPoppins]

Almost certainly. They're lost on me too. You get used to tuning them out after a while.

WTLS

[thunderlizard]

And is there a private joke I'm missing there?

Almost certainly. They're lost on me too. You get used to tuning them out after a while.

[EternalOptimist]

your rate should not include VAT.

you claim VAT from the client at the standard rate, you pay the tax man at the flat rate, the client claims it back from the tax man.


there is lots of paperwork and bollocks, we make a little, the taxpayer loses a little

its a typical blivet by government

[MarillionFan]

Thanks both.

And is there a private joke I'm missing there?

Welcome.

This site has more injokes than a Terry Wogan Radio 2 show.

If you need answers to serious questions post them
in our professional forums where you'll get a serious answer, post in General and you'll bump into
our care in the community posters like Suity above.

Hth

MF

[franksmith]

Thanks both.

And is there a private joke I'm missing there?

[MarillionFan]

Ah fook me it's another MF sockie thread.

<threadflounce>

Don't hate the player Suity. Don't hate the player.

[suityou01]

Ah fook me it's another MF sockie thread.

<threadflounce>

[suityou01]

I'm about to make the big step from 10 years permanent employment to contracting, and whilst I've started applying, it suddenly occurred to me whether or not the fee I state I require is usually given including VAT, or excluding VAT. What is the generally accepted way of doing it (if there is even one)?

For example, if I put a required rate of £400/day, is it generally assumed that it will include VAT, or be excluding VAT? I know I can obviously state it, but I want to make sure I give the information expected, and don't want to drop the bombshell that I have added VAT on top when I suddenly send an invoice, for example.

Or is there no generally accepted way of doing it?

Thanks

Frank

Without VAT.

Now, where's the booze, do you like films about gladiators and can I see your porn collection please?

[MarillionFan]

I'm about to make the big step from 10 years permanent employment to contracting, and whilst I've started applying, it suddenly occurred to me whether or not the fee I state I require is usually given including VAT, or excluding VAT. What is the generally accepted way of doing it (if there is even one)?

For example, if I put a required rate of £400/day, is it generally assumed that it will include VAT, or be excluding VAT? I know I can obviously state it, but I want to make sure I give the information expected, and don't want to drop the bombshell that I have added VAT on top when I suddenly send an invoice, for example.

Or is there no generally accepted way of doing it?

Thanks

Frank

Excluding. Always excluding.

VAT can be claimed back. It's not an issue.