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#1 21-08-06 08:06:43

Hilary Hughes
Verified Member
From: Stockport, Manchester
Registered: 25-06-04
Posts: 1,232
Website

VAT receipt only

Can you register for VAT Receipts only? In other words, can you claim for vat back on your purchses (car) and not pay vat on sales?

It seems so form some threads I've been reading.

Hilary.


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21-08-06 08:06:43

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Re: VAT receipt only



#2 26-08-06 09:56:13

phil jackson
Verified Member
From: Letchworth Herts
Registered: 22-06-06
Posts: 394
Website

Re: VAT receipt only

You can only claim VAT back on puchases for your business if you are VAT registered you are now alllowed to earn 60k
a year before you have to register thank god or you would have to increase your prices by 17.5% just to cover VAT.
Regards Phil Jackson.


phil jackson
phillipjackson@adeptdrive.co.uk
tel 01462-636423
ADI's Wanted Stevenage,Letchworth,Hitchin,Baldock
N.Herts

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#3 27-08-06 21:34:10

bigred
Verified Member
From: Kent
Registered: 25-02-04
Posts: 1,592
Website

Re: VAT receipt only

Hi Phil,

It wouldn't be as much as 17.5% as you claim VAT back off . You can either negotiate a flat rate of between about 7 and 10% (this makes it pretty simple) or claim the 17.5% off your Vatable purchases.

But in any case you lose!

Regards,

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