Reply To: VAT increase, your thoughts

[Peter Normington]

quote Martin:

Peter, I have been asked to do very little work where the material costs were high, not done a lot of large backlit signs with 3d lettering and led’s. Most of the work I have done is vehicle livery and shop facias where the material costs are quite low compared to the finished price which makes a big difference VAT wise.

Martin.
the vat threshold is I think is 70k
so if your turnover is less than this and dont buy a lot of materials then stay unregistered, it is up to the individual what works for them. There are good arguments not to be vat registered if your turnover is below the threshold.
to be registered or not, is not what this thread is about, it was to ask if the ones that are vat registered will be affected by the increase,
sorry I should have been more specific

Peter