Quote:
Originally Posted by spud69
Well done Andy, very good move - how many chassis packs will that make? sure you will know down to the decimal place.
We're holding off VAT registration as long as possible at Saturn so no VAT to pay for customers yet but when it does come it shouldn't be too bad as we can offset most of it as we can remove VAT paid on our suppliers its just the labour element that would accrue VAT.
Keep it Up.....AndyH
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Andy, don't get caught out like I nearly did with VAT registration. It runs on a rolling 12 month turnover not your financial year's turnover which is what I had thought till my accountant put me right. VAT registration is not difficult if you have a good accountant and if you use Sage for your accounts it does all the calculations for you, its just signing the cheques that hurts
. You will also have to include VAT on the items you sell.
Hope you don't think I'm trying to teach me granny to suck eggs, D.