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To VAT or not to VAT

Is my work VAT chargable? And should I be invoicing for VAT

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Hello,

I am new to this forum, it was recommended to me by a friend and hopefully someone out there can shed some light for me?

My situation:

  • I live in Guernsey
  • I work through a Ltd. Co set up in Guernsey
  • Job - freelance surveyor / consultant
  • Work is based onboard ships outside of UK 12 nautical miles
  • Both on the UKCS and other contries continental shelfs
  • I use an agencies in the UK to get the work and invoice the UK agencies for payment.
  • I am not VAT registered

Do I need to be VAT registered? Should I be invoicing for VAT? I have had a read around, it seems very complex? and I cannot seem to fathom an answer!

any help to shed some light on this issue would be greatly appreciated.

Many thanks in advance

GuernseySailor

Replies

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By Ruddles
10th Nov 2018 21:42

It is complex. Which is why you should seek the professional services of someone that fully understands your business and its nature, rather than seek the opinions of a bunch of anonymous internet strangers that know nothing about what your company does.

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to Ruddles
10th Nov 2018 23:11

Hi Ruddles,

Thanks for your suggestion. Company provides service only. No goods, consultant knowledge and information only is what is provided to clients.

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By Ruddles
to GuernseySailor
10th Nov 2018 23:18

But no indication of the nature of the consultancy. This is why you need to stop messing around and engage a professional.

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to Ruddles
10th Nov 2018 23:25

Nature of the consultancy? What do you mean by that?

I work for a day rate, onboard vessels engaged in survey and subsea construction. Currently working on a Windfarm project but also do cables between countries, searches for things underwater etc. I don't see how that has a bearing? Or am I missing something else here?

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By Ruddles
to GuernseySailor
11th Nov 2018 08:07

GuernseySailor wrote:
I don't see how that has a bearing?

Which is precisely why you should seek paid-for advice.
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11th Nov 2018 02:30

GuernseySailor wrote:

I am new to this forum, it was recommended to me by a friend and hopefully someone out there can shed some light for me?

Unfortunately, neither you nor your friend read the page that makes clear this is a site intended for finance professionals.

This is not a site for people who need valuable professional advice but don't want to pay for it.

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11th Nov 2018 12:33

GuernseySailor wrote:

this forum, it was recommended

We have many satisfied customers.

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By DJKL
to Tax Dragon
11th Nov 2018 13:03

They get even better service if they quote voucher code PAL8424

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11th Nov 2018 15:00

Sorry you've been told off for enquiring on this site. It's not your fault.
You have been advised several times by some very knowledgeable people here to get paid for advice. This means contacting an accountant, going to see them, and explaining every dot and comma. Then they can give you the right advice for your circumstances. And they need to be paid, just as you need to be paid for your work.
I'm guessing you're one of thousands who doesn't pay an accountant to do their company accounts and wonders what accountants do all day.
You've got the impression that advice from an accountant is just like pressing a button. It's not. You yourself have mentioned that the area you need help with is complicated. Too right it is.
That's why the best advice is paid for advice. Presumably you will be able to pay for accountancy advice. Any good advice you take and act upon now could save you a fortune later, so it's a small investment to make.
But don't take our advice to find and pay a suitable accountant and you will find out to your cost what happens if you fall foul of the horrific legislation.

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11th Nov 2018 16:13

No. You don't need to be VAT registered.

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to Portia Nina Levin
11th Nov 2018 19:41

What about the company?

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11th Nov 2018 20:13

All. Apologies for posting here, I will take your advice and consult with my accountant when I get off this boat.

If any of you wanted to give an opinion as to my position regarding VAT I would still be keen to hear it!

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