Well you're a cheery bunch on here today What you have to bear in mind is that there are costs to an umbrella company that are associated with checking and processing expenses; these will be lost in April (assuming nothing changes between now and then) and therefore the loss from VAT on mileage will be absorbed leaving profits as they are.
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Do Umbrella companies benefit from collecting VAT?
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Originally posted by LisaContractorUmbrella View PostWell you're a cheery bunch on here today What you have to bear in mind is that there are costs to an umbrella company that are associated with checking and processing expenses; these will be lost in April (assuming nothing changes between now and then) and therefore the loss from VAT on mileage will be absorbed leaving profits as they are.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostWhat a very cheery way of saying I'm alright jack but the intern is feckedOriginally 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 LondonManc View PostWhat a very cheery way of saying you'll be laying people offComment
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Originally posted by LisaContractorUmbrella View PostWell you're a cheery bunch on here today What you have to bear in mind is that there are costs to an umbrella company that are associated with checking and processing expenses; these will be lost in April (assuming nothing changes between now and then) and therefore the loss from VAT on mileage will be absorbed leaving profits as they are.Comment
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Originally posted by TheFaQQer View PostSurely there will still be expenses to check and process, though? And if you've got to go through the SDC rigmarole then that's more work - or are you just going to deny all expenses?Comment
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Thanks for the insight Lisa
I really was just genuinely curious, I had naturally assumed there would be something in it similar to FRS for you guys simply because you are processing VAT on behalf of HMRC.
@TheFaQQer
Those figures are quite an eye opener!
So although off my original topic, lets assume these losses mount up and some go under or merge with others will the the remainder have to increase their margins?
Will Accountants then do the same because the rates are currently very competitive with each other
If so then the loss of T&S is bad for all of us whether we can still claim it or not.So now I am worried, am I being deceived, just how much sugar is really in a spoon full!Comment
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Originally posted by DallasDad View PostThanks for the insight Lisa
I really was just genuinely curious, I had naturally assumed there would be something in it similar to FRS for you guys simply because you are processing VAT on behalf of HMRC.
@TheFaQQer
Those figures are quite an eye opener!
So although off my original topic, lets assume these losses mount up and some go under or merge with others will the the remainder have to increase their margins?
Will Accountants then do the same because the rates are currently very competitive with each other
If so then the loss of T&S is bad for all of us whether we can still claim it or not.Comment
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