VAT Registered

[sullybeans]

Just wondering if there are guys who are VAT registered and could give me some advice. I am nearly approaching the threshold and don't know an awful lot about it. I think it would be hard to add 20% onto my customers don't think that would go down well. Also heard there is a **** load of paperwork to go along with it. So is it worth it? Picking up jobs everyday and don't think it will be long until we are there. am I better getting rid of rubbish customers etc and fine tuning my round and staying under the threshold? Stopping Add-on services?

Sorry for rambling on guys, Cheers.

 

[Cghwindowcleaning]

If you want to grow the business it's unavoidable and just part of it.

if however you don't then the answer is to sell off some work and remain under it.

 

[Iron Giant]

I am not vat registered, But if you do have rubbish customers then sell them on.

If I had kept all of my customers over the years my business would be a lot bigger but I would also have a lot of #### and would be chasing money. Refining is key to maximising any business

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[Guest]

Gone vat registered this week. There is more paperwork it seems.

I've been pricing up all new residential work 20% higher for last 6 months in preparation.

Good luck!

 

[Part Timer]

Have a proper look at the Fixed Rate Scheme, when I was VAT registered it saved me a lot of time and I actually made a profit using it 

 

[tench0771]

Sod going vat ide just stay under buy selling work off

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