dennis@home wrote:
And PPE would be zero rated for VAT as well?
I'm not registered, but I think it is.
I thought you said you earned a /lot/ of money in another post?
Not if you aren't VAT registered you don't.
IIRC, Dave said very profitable - which is quite a different thing from
turnover.
Quite a few small businesses doing this type of work will allow the
customer to purchase the materials directly so as not to have them raise
the business turnover to above the VAT threshold. If the materials
represent only a small profit centre this can be quite worthwhile when
you are serving a customer base of non registered individuals since it
keeps your prices lower (or more likely your profitability 17.5% higher)
--
Cheers,
John.
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