Lee Posted February 11, 2013 Report Share Posted February 11, 2013 With the VAT threshold now sitting at 77k are you registered for VAT? Link to comment Share on other sites More sharing options...
Michael Posted February 11, 2013 Report Share Posted February 11, 2013 Yes..but under threshold Link to comment Share on other sites More sharing options...
chrisorros Posted February 18, 2013 Report Share Posted February 18, 2013 I would say anyone that has a shop would be vat registered. People on the road not so much Link to comment Share on other sites More sharing options...
Danny King Posted February 18, 2013 Report Share Posted February 18, 2013 I think everyone should be VAT registered Link to comment Share on other sites More sharing options...
Lee Posted February 18, 2013 Author Report Share Posted February 18, 2013 i think everyone should work for a living but they don't. Link to comment Share on other sites More sharing options...
hibsjo(SCO) Posted February 18, 2013 Report Share Posted February 18, 2013 i think there are some very clever people who avoid paying VAT carry on! Link to comment Share on other sites More sharing options...
k4mrc Posted February 18, 2013 Report Share Posted February 18, 2013 Wrong club to be in.. Link to comment Share on other sites More sharing options...
keithm Posted February 19, 2013 Report Share Posted February 19, 2013 I concur, especially when they try to sell there business! Link to comment Share on other sites More sharing options...
k4mrc Posted February 19, 2013 Report Share Posted February 19, 2013 keithm Posted: Tue Feb 19, 2013 10:08 am Re: February 2013 - Are you VAT registered. I concur, especially when they try to sell there business! Why??? Link to comment Share on other sites More sharing options...
keithm Posted February 19, 2013 Report Share Posted February 19, 2013 Are you sure Martin? When they come to sell their business, it's only worth what it's showing. I believe some business are showing at least 30% below their true takings, but they think it's more valuable due to their 'own' figures, if you get my drift Link to comment Share on other sites More sharing options...
k4mrc Posted February 19, 2013 Report Share Posted February 19, 2013 Are you sure Martin? When they come to sell their business, it's only worth what it's showing. I believe some business are showing at least 30% below their true takings, but they think it's more valuable due to their 'own' figures, if you get my drift LOL I thought you meant the other way round. Link to comment Share on other sites More sharing options...
St.Am92 Posted February 19, 2013 Report Share Posted February 19, 2013 Are you sure Martin? When they come to sell their business, it's only worth what it's showing. I believe some business are showing at least 30% below their true takings, but they think it's more valuable due to their 'own' figures, if you get my drift Also apply's to VAT registered businesses Link to comment Share on other sites More sharing options...
keithm Posted February 19, 2013 Report Share Posted February 19, 2013 Or any other 'cash' businesses, but at least a Vat registered business can be varified to a point ! Link to comment Share on other sites More sharing options...
St.Am92 Posted February 19, 2013 Report Share Posted February 19, 2013 That's why I think a uniform flat rate business tax across the board should be introduced with no allowances and only credit/debit/bank transfers allowable for business to business payments. Everything traceable and a paper trail. Link to comment Share on other sites More sharing options...
k4mrc Posted February 19, 2013 Report Share Posted February 19, 2013 Yes you are right Keith, it will be valued on "Cash/takings Banked" I have had several conversations about this very topic, Link to comment Share on other sites More sharing options...
keithm Posted February 19, 2013 Report Share Posted February 19, 2013 That's why I think a uniform flat rate business tax across the board should be introduced with no allowances and only credit/debit/bank transfers allowable for business to business payments. Everything traceable and a paper trail. Thus creating a more visable state of the economy I concur Link to comment Share on other sites More sharing options...
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