Search results

Not necessarily. I know IT contractors who provide services to VAT exempt sectors like much of financial services, where the customer cannot get the input VAT back at their end, and so he would add 20% to their costs or have to reduce his prices by 1/6 to match the price before he registered...

Vat - in your case it looks fine, but not every business under the vat threshold of £79k should rush into registering just because of the flat rate scheme. If you are in retail, b&b/guest house, plumbing/heating engineer, jobbing builder etc, where your customers are the public or non-vat...