MemberDecember 29, 2010 at 11:38 pmquote Martin:
my point also is though, Martin, vat is still being paid on the transaction regardless, even if both parties are NOT vat registered so why not just register. So you (for instance) are paying vat or passing the cost onto the customer for most of your overheads and material costs.
A point for any business considering vat registration is to bear in mind that you can claim vat back on the last three years purchases (fixed assets only)
I can personally see little advantage in the sign industry of not being registered even if voluntarily.