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schakal
Spammer
Joined: 27 Jul 2004
Posts: 5717
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Wed Jul 27, 2005 2:15 am |
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found a lpg kit for that range rover of that friend of mine at last . i have spoken to the guy that sells the stuff on the phone etc . the only thing that bothers me now is that the guy told me he is not vat registered but will still be able to provide me an invoice. DOES THIS SOUND DODGY ?
now in the worst case scenario ,lets say the kit was faulty etc . WILL I BE ABLE TO GIVE THIS KIT BACK
what do you people think ?? this whole kit is not cheap stuff and i dont want to mess this up really  |
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JB
Mr Quoter-vator
Joined: 16 Feb 2004
Posts: 7405
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Wed Jul 27, 2005 2:27 am |
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erm, bit difficult for anyone to answer whether you can get refund etc etc other than the guy himself |
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schakal
Spammer
Joined: 27 Jul 2004
Posts: 5717
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Wed Jul 27, 2005 2:41 am |
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JB
Mr Quoter-vator
Joined: 16 Feb 2004
Posts: 7405
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Wed Jul 27, 2005 2:48 am |
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do it thru ebay and paypal then for insurance purposes. |
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Tranton
Site Subscriber
Joined: 17 Mar 2004
Posts: 342
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Wed Jul 27, 2005 3:15 am |
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I run a business and am not VAT registered. You only need to be VAT registered :-
Your taxable supplies, distance sales, or acquisitions are expected to exceed £58,000 in the next 30 days, or if you are already trading, and they have exceeded £58,000 in the past 12 months...
I run my business alongside my main occupation for a bit of pocket money so there's no need to be VAT registered.
However, on all my sales i provide a VAT receipt. This means that if the person purchasing from me is VAT registered then they can claim the VAT back at the end of the tax year against there tax bill. |
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Chris H
Forum Moderator
Joined: 02 Mar 2004
Posts: 19978
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Wed Jul 27, 2005 3:31 am |
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I'm not VAT registered either.
To be VAT registered you need a turnover of 54 grand a year.
I give receipts but don't stick VAT on them.
Iain if I stick VAT on them does that mean they can claim that back? This means I get more money if so btw! |
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Tranton
Site Subscriber
Joined: 17 Mar 2004
Posts: 342
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Wed Jul 27, 2005 3:40 am |
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It depends. You should only really charge Exc VAT if you are VAT registered. I give my customers a price,say £20. But i will supply an invoice for £17.02+VAT. The product is worth £20 tho, not the £17.02. You can only claim back VAT on business purchases if you are VAT registered.
Chris - you can charge exc VAT on your labour but you have to make it clear before giving costings etc that it is Exc VAT or it becomes a whole legal issue. |
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Tranton
Site Subscriber
Joined: 17 Mar 2004
Posts: 342
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Wed Jul 27, 2005 3:41 am |
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Chris H
Forum Moderator
Joined: 02 Mar 2004
Posts: 19978
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Wed Jul 27, 2005 3:43 am |
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yeah cool its for Simon.
hes being an arse about paying me for the work I done to project hairdresser. Using the fact he can't claim it back etc as an excuse.
Simons VAT registered, his average turnover in in the £100k's, yet hes being arsey over a few pounds with me! |
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Tranton
Site Subscriber
Joined: 17 Mar 2004
Posts: 342
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Wed Jul 27, 2005 3:43 am |
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Rates per year 2005/2006 2004/2005
Registration threshold £60,000 £58,000
Deregistration threshold £58,000 £56,000
Standard rate 17.5% 17.5%
Reduced rate 5% 5%
Annual accounting £150,000* |
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schakal
Spammer
Joined: 27 Jul 2004
Posts: 5717
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Wed Jul 27, 2005 3:44 am |
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Tranton
Site Subscriber
Joined: 17 Mar 2004
Posts: 342
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Wed Jul 27, 2005 3:44 am |
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| Chris H wrote: |
yeah cool its for Simon.
hes being an arse about paying me for the work I done to project hairdresser. Using the fact he can't claim it back etc as an excuse.
Simons VAT registered, his average turnover in in the £100k's, yet hes being arsey over a few pounds with me! |
Provide him with an invoice for the total cost then minus the VAT, then add it back on as a seperate vat amount |
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schakal
Spammer
Joined: 27 Jul 2004
Posts: 5717
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Wed Jul 27, 2005 3:47 am |
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| Chris H wrote: |
yeah cool its for Simon.
hes being an arse about paying me for the work I done to project hairdresser. Using the fact he can't claim it back etc as an excuse.
Simons VAT registered, his average turnover in in the £100k's, yet hes being arsey over a few pounds with me! |
punish him chris ,stick a 1.4 energy lump in there before you hand the car over  |
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Chris H
Forum Moderator
Joined: 02 Mar 2004
Posts: 19978
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Wed Jul 27, 2005 3:49 am |
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hes got the car back, got it back a couple of weeks ago.
You don't expect to get handed 130 quid which goes to buy a hoover then not get anymore for all the work I did!
Mates don't do these things, or they are not supposed to!
I am trying to keep my calm about the situation. |
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david3533
Site Subscriber
Joined: 02 Oct 2004
Posts: 1575
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Thu Jul 28, 2005 1:54 am |
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stay calm chris I know what your going through mate |
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Ian P
Level 2 User
Joined: 19 Jul 2005
Posts: 40
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Thu Jul 28, 2005 2:13 am |
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as you said chris mates are not supposed to do things like that, unfortunatly this is one shite way of finding out who your real mates are.
been there got t shirt as the saying goes, ive put it down to experiance |
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david3533
Site Subscriber
Joined: 02 Oct 2004
Posts: 1575
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Thu Jul 28, 2005 2:37 am |
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where abouts in sussex are you Ian? |
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Ian P
Level 2 User
Joined: 19 Jul 2005
Posts: 40
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Thu Jul 28, 2005 8:27 am |
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Hailsham 
about 1/2 hour from you |
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