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#1 09-03-11 21:47:21

mahoney
Member
From: North Ayrshire
Registered: 23-02-11
Posts: 54
Website

Register for vat

Hi, is anybody vat registered, been looking at receipts for things like fuel etc and was quite shocked to see how much vat is charged, also looking to lease a car soon so there is another big chunk of on it's way to the government each month. any thoughts as to yes you should or never avoid at all costs. All comments welcome.  Mahoney.

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09-03-11 21:47:21

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Re: Register for vat




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#2 09-03-11 22:14:20

adi
Verified Member
From: shropshire
Registered: 28-02-04
Posts: 1,231
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Re: Register for vat

I used to be VAT registered in another business some years ago by choice as i could claim back vat on the fuel i used, The downside was having to do books/return every three months. Not sure how it works with charging for lessons and Vat.

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#3 09-03-11 22:18:44

Roadmaster
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Registered: 04-03-04
Posts: 5,670

Re: Register for vat

You don't register for vat unless your earning 70 grand.  And if you did you would have to add vat to your lesson prices.

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#4 10-03-11 01:12:25

Freedom Phil
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From: Sunderland, North East UK
Registered: 31-03-09
Posts: 342
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Re: Register for vat

That's incorrect Roadmaster!

If turnover is £70,000, you must register for VAT.  If your turnover is below that you can voluntarily choose to register for VAT.

For the average ADI doing learners, registering for VAT isnt worth it as you would have to charge 20% VAT on top of your normal lesson price, so while you could claim back VAT on fuel ect, you'd be charging more for lessons but not pocketing the extra, and for many that would mean pricing themselves out of the market.

I am director of a fleet training company that is VAT registered and turnover is nowhere near £70,000, but as I deliver training to other VAT registered companies they don't mind paying the VAT as they claim it back, and I get to claim back all VAT on my expenses.

VAT returns can be done online and don't take long at all.  For me the extra paperwork/accounts are worth it.

.phil.
:angel:


DIA diploma in driving instruction.  DSA registered fleet trainer.  ORDIT registered trainer part's 1, 2, 3 & ORDIT premises inspected.  SAFED trainer and assessor.  RoSPA approved tutor.  Diamond registered advanced instructor.  Diamond qualified advanced examiner. City & Guilds 7303 PTLLS teaching certificate.  IAM advanced test, Diamond advanced test, Diamond special test, Cardington special test, RoSPA gold

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#5 10-03-11 07:20:02

Roadmaster
Verified Member
Registered: 04-03-04
Posts: 5,670

Re: Register for vat

If turnover is £70,000, you must register for VAT

That's what I said.

as you would have to charge 20% VAT on top of your normal lesson price

That's what I said

I wasn't incorrect

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#6 10-03-11 08:11:49

Freedom Phil
Verified Member
From: Sunderland, North East UK
Registered: 31-03-09
Posts: 342
Website

Re: Register for vat

You don't register for vat unless your earning 70 grand

is what you said, and that is incorrect, because you can register for VAT regardless of turnover

I wasn't incorrect

is also what you said, and that is also incorrect tongue tongue tongue tongue tongue tongue tongue tongue tongue tongue tongue tongue tongue tongue tongue tongue tongue

.phil.
:angel:


DIA diploma in driving instruction.  DSA registered fleet trainer.  ORDIT registered trainer part's 1, 2, 3 & ORDIT premises inspected.  SAFED trainer and assessor.  RoSPA approved tutor.  Diamond registered advanced instructor.  Diamond qualified advanced examiner. City & Guilds 7303 PTLLS teaching certificate.  IAM advanced test, Diamond advanced test, Diamond special test, Cardington special test, RoSPA gold

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