Taxi Driver Online

Of course you can and you are legally obliged to do so if you are registered. I'm not registered for VAT and I get charged VAT on just about anything I buy, just like everyone else in this country. That's the downside to not being registered - you can't claim it back.

If VAT were only charged to those who could claim it back, the govt wouldn't make anything out of it

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

I will re frase this. If Joe was looking for a car and had a choise between two identical cars one of which was 17.5% more expensive than the other for no reason apart from the fact the seller was VAT registered guess which one he would choose, so no you cant charge VAT on top which is the point, I did not say you would not have to pay it, did I?

In fact I state quite quite clearly in the previous posts that you will have to pay when selling if your registered, so not sure what your getting at here guys

Its one thing swallowing extra when you have no choice or you can claim it back but why would anyone pay 17.5% extra for a car when they do not have to????????? That is my point.

Kind regards

Eric

JUST REMEMBER THAT IF YOU BECOME VAT REGISTERED A £10 FARE WILL HAVE TO BE £11.75 AND YOU KNOW THE PUNTERS WILL MOAN ABOUT THE EXTRA £1.75. IF YOU KEEP THE FARE AT £10.00 THEN YOU WILL HAVE TO SEND £1.49 TO THE VAT MAN.

The simple answer is if it was financially advantageous to be registered then everybody would register, wouldn't they?

The simple fact that your outgoings are less than your in comings means that you will always have to give the tax man more than you can claim back. You will become an unpaid tax collector and it will cost you money and cause you grief.

Even when you hit the threshold there are ways of avoiding registration, ask your accountant

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Why don't you get a proper job???

If it is a metered fare then VAT is included in the fare, you can't add it on top of the metered fare.
If your turnover is less than £150K you can use the flat rate VAT system which means that you do not need to keep all the same records and account for VAT on every job or reclaim VAT in the usual way. You just pay 9% of your takings to the VAT man and the Job is done.

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Grandad,

Still better to not register unless you have to.

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

I wouldn't disagree with that.

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Grandad,

Hopper wrote:



Sorry but I find this statement misleading, no accountant would be able to show you a way of not having to register if you were above the threshold it simply is illegal. Regardless it is the self employed persons responibility to see his vat tax and NI affairs are in order not an accountant, it is he that would be procecuted regardless of any advise from anyone else.

Anyway I have NEVER met an accountant yet who fully understands the agent/principle regs so there you go.

And yes still better not to register unless you have to in this business, for sure.

Regards

Eric

Grandad wrote:



Yes flat rate scheeme could be good however, you might get left out of pocket in the one year you make a large number of capital purchases like a couple of cars for instance.

Regards

Eric

All you need to do is split the company up into several smaller separate businesses........quite legal!

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Why don't you get a proper job???

Hopper wrote:



Sorry pal not legal the VAT office even have a name for this carry on, it's called artificial seperation, or to us laymen FRAUD and it always comes with a custodial sentance.

So if I don't see you on line for a while we will know why

Regards Eric

Very witty Eric! like yer style

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Why don't you get a proper job???

It is legal providing that each business that you are associated with is totally seperate from the others. Firstly you can't run 2 businesses on your own just to avoid VAT. You can run one on your own and another in partnership with say your wife and then that is legal. The big but here is that as soon as you pay one invoice from the wrong account or one from each business with one cheque you are ffcuked. For instance if you have just the one telephone number and you use it for both businesses you are ffcuked.

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Grandad,

I agree with you grandad........but [edited by admin] just dosn't have the same ring to it as fooked :lol:

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Why don't you get a proper job???

Grandad wrote:


Same tel no, same offices, share staff, common directors, so on and so forth. This nonsense about getting the missus involed was old hat years ago, bit like going bust and putting the house into her name, be sure if HM customs & exciles dont' get ya by the balls the missus will

So no place to hide anymore, all loopholes closed and punishments to fit the crimes

Regards

Eric