I've got 12k to blow b4 April otherwise iv gone into the vat bracket need to upgrade system

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Water would you guys buy with 15k wfp

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phone grippa :thumbsup:

Isn't the vat threshold based on turnover not pre tax profit. To keep below threshold you would need to stop or slow down trading so your end of year turnover is below £83000

Funniest thread so far this year.

Spend the 12-15k on a GrippaSystem. Should keep you below the VAT threshold easy.

If you buy a different brand I believe you only get 12.34% capital refilef on the adjustable rate of turnover. Unless it's changed.

Vat goes on turnover once you hit 83k in turnover you have to register trying to reduce your profit won't help you avoid this.

Rather than blow 15k for the sake of it I would do something else.

class thread makes no sense lol unless u mean u owe 15 g to the taxman then yes new system of grippa at once i

If he blows 15k he won't have to go VAT registered though /emoticons/wink.png

Theres me thinking my £75 this morning was good going. I'm very encouraged to hear these types of figures can be reached with some hard graft!

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If he blows 15k he won't have to go VAT registered though /emoticons/wink.png

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VAT has nothing to do with P&L, it's based on your turnover, it is also based on a rolling calendar year

Are you a 100% sure on that. As I went to hogwarts business school in 2014 and it was based on projection revenue of the fist quarter

If he blows 15k he won't have to go VAT registered though /emoticons/wink.png

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how

If he blows 15k he won't have to go VAT registered though /emoticons/wink.png

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how

LOL :rofl::rofl::rofl::rofl:

I've had to register for VAT before, strictly speaking you should register if you think you're going to reach the threshold, not wait until you have

If he blows 15k he won't have to go VAT registered though /emoticons/wink.png

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There are other ways around it though.

VAT is definitely based on turnover and not profit.

Accountant said need to loss 15 k on something big and take march to April off to not make the vat happen .So just book holiday in Bali lol

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Are you a LTD company ?

That has to be some of the worst financial accounting advise I have ever heard.

If you are approaching the vat threshold already why spend 15k on something you probably don't need and then take time off just to avoid going Vat registered which will inevitably happen the same time if not earlier next year.

What will he advise next year?spend 25k and have Feb-April off?.

Unless your not going to grow or take any more work on the only option you have is to push forward and go vat registered.

Best accountant on the IOW I heard.