MemberDecember 29, 2010 at 9:22 pm
The majority of my customers are not VAT registered and I have been asked so many times the normal question "can we lose the VAT" Well I lost an £800 job just before Xmas because I wouldn’t "lose" the VAT. So as from 31st Dec I am no longer VAT registered. Thus on a lot of my labour intensive jobs which is just about every job I get I will be saving my customer 20% so I think I can say de-registering for VAT will help my company and save my wife the VAT hassle that she hates doing. VAT on materials is so small a percentage of my jobs, so as a one man band I will be more than happy.