Reply to: Feckity feck - Missed two VAT returns

[craig1]

If you've multiple companies, why not set yourself up for group VAT reporting? Means you only have one VAT return to remember and transactions between the companies are VAT free meaning simplified accounting.

[AtW]

If I beat you by £100, you'd be out on the streets.

It will probably happen before that

[MarillionFan]

That's pathetic wager.

Double the difference in sales would have been mildly interesting.

You couldn't afford it.

If I beat you by £100, you'd be out on the streets.

You can choose a SpudULike if you want? I can afford it.

[AtW]

Dinner in a restaurant of the winners choice

That's pathetic wager.

Double the difference in sales would have been mildly interesting.

[MarillionFan]

What's your wager?

Dinner in a restaurant of the winners choice. (Excludes flights).

Wager occurs only if it snows.

(Oh and when I said sledges, I meant sledges, snow shovels and wedge wellies).

[AtW]

I wager if it snows this Winter I turnover more in sledges for the same period than you invoice at SKA.

What's your wager?

[MarillionFan]

This top selling product this summer was sledges unsold from winter.

VAT return was for the shop for Apr-May-June. The shop closed a week into April which was 7k in sales for the final week.

I wager if it snows this Winter I turnover more in sledges for the same period than you invoice at SKA.

[AtW]

£380 ? What are you selling - tap washers?

This top selling product this summer was sledges unsold from winter.

[MarillionFan]

Hah! Feck 'em.

"Third default in a surcharge period
5% (unless it is less than £400, in which case you won't be charged a surcharge at this rate)
12 months from the date of the most recent default

"

VAT is only £380 on that particular company for that quarter.

Kiss my Hector.

GODDAMN!!!!!!!!!!!!!!!! JUst done the return. The expenses all went through in the next quarter and it's pushed my VAT over a £1000 and a fine!!!!

[minsky1]

Hah! Feck 'em.

"Third default in a surcharge period
5% (unless it is less than £400, in which case you won't be charged a surcharge at this rate)
12 months from the date of the most recent default

"

VAT is only £380 on that particular company for that quarter.

Kiss my Hector.

£380 ? What are you selling - tap washers?

[DaveB]

How can an IT bloke be so disorganised MF? All one needs is an Excel sheet with all the dates on and a few formula to highlight what's due.

Is to sign up the automated email reminders and set up a direct debit for payment.

[MarillionFan]

TWO Vat Returns? Well they say the memory is the first thing to go......................or do they.....can't really remember!!

I have more than one VAT registered business.

It's actually the shop one I forgot to do. I closed in April, did one in May, spent ages putting together my contracting accounts, shop accounts, web business accounts and self assessment and then forgot I've got a dozen transactions for the next quarter I needed to do a return for.

I do all my receipts for Subway every month and issue one cheque. Easy.

[doodab]

MF maybe if you spent less time claiming £2.49 for a Subway deal of the day, you could use the time to do your real accounts.

But the free sub is one of the perks of the job.

[shaunbhoy]

TWO Vat Returns? Well they say the memory is the first thing to go......................or do they.....can't really remember!!

[d000hg]

MF maybe if you spent less time claiming £2.49 for a Subway deal of the day, you could use the time to do your real accounts.