Registering for VAT- is this expensive?

[kropotkin]

If you are charging VAT for your services, but not really buying anything with VAT on it to reclaim, ask your accountant about the the flat rate vat scheme. Can make you a little bit extra.

Thanks- never heard of it but looks like i'd qualify so have asked. Cheers!

 

[danski]

Thanks to everyone for your advice- i've decided to just take the hit and let the accountant set it up and charge me. Have too many other things to think about

Is it possible you could ask colleagues in a similar position for recommendations for next year?

 

[Sasaferrato]

I was very glad never to have had to learn about VAT.

VAT Officers have powers that would make the police drool. They are the only people that can kick your door down in the night and take away your documents, without a warrant.

 

[Smangus]

I was very glad never to have had to learn about VAT.

VAT Officers have powers that would make the police drool. They are the only people that can kick your door down in the night and take away your documents, without a warrant.

Pretty sure HM Customs & Excise lost those powers when they merged with IR. Much to their dismay.