She said that VAT is chargeable because training is taking place in the UK
Is there a reason you didn't believe her?
#Edit# Not that I'm convinced you should believe her based on my understanding of your situation... I think you need to answer Les before we can be sure.
So for the benefit of the OP and myself (as I'm now curious and always interested in developing my VAT practical knowledge):
Can the client who has quoted £100,000 for a job, payable at £10,000/month, part way through say 'actually it's now £12,000/month as I became VAT registered in the year'? I'm guessing it is the wording of the quote that will decide that?
Are you sure about that- it is rolling, adding the cumulative figures together ,but first month over £10,000 does not itself trigger an immediate registration requirement for a new business.
I think(?) what SXGuy meant was that if you had a new business that was trading at that level (over £7,083/month) you would be on alert that they are likely to become VAT registered. Or maybe they didn't, now I type that I'm less sure what they meant...
Regardless, if I set up a business and was taking £10,000 a week, I'd be working on the basis I was going to be VAT registered very soon and quoting accordingly. But then I work in tax not construction, so VAT is never far from my mind, maybe the man on the Clapham Omnibus would think differently.
First lesson: Trust nobody.
Second lesson: Trust nothing you see.
Per Ben Aaronovitch, follow the ABCs of policing:
I did my ATT about a decade ago, but the approach I have always adopted for all my professional exams (ACCA ATT and CTA) is a minimum of 100 hours study per paper, plus any tuition. That's always got me comfortable passes.
I have no idea what GLH means btw... something something hours I'm guessing.
Thanks all :)
Yes I used to park on a narrowish road so got used to hugging the kerb, but I find now even if there is plenty of room I still hug the kerb, I think it's a habit now...
I think my logic is that if I park like that and get dinged, then it was 100% the other car's fault, whereas if I am six inch off the kerb I'll feel it wouldn't have happened if I had parked nearer.
Also, TomMcClelland, I got home last night and found someone had parked such that he was taking up enough of 2 of the three spaces near my house that I had a choice, either park behind him in the end space (and leave a foot of my car hanging over the end of the bay) or park in front of him (and straddle 'my' space and the neighbours).
I opted for the latter, but stressed that the car would leave and I'd look like an inconsiderate idiot who had parked over 2 spaces.
I hate people who take up more than a space (unless if it moot - where I am this morning is a space for two and a half cars, so a bit of spilling over doesn't matter).
Thanks all, I literally couldn't get my brain to give me the answer (and Google was oddly unhelpful!).
I don't mean to sound like a whiny child, but the current climate in accountancyis dire. I am constantly receiving horrible emails from over-entitled clients, having to deal with awful behaviour from other employees preventing you from doing your job properly and if I want to use the toilet I need to find a creative place to put it on my timesheet
Thought I'd save you some time and made you a paragraph you will be using 6 months after starting at an accounting practice ;)
Bob Loblaw wrote:
I would suggest that Mr A (who definitely isn't you, because, surely, as the director of at least 3 active limited companies you have an accountant advising you) seeks professional advice from an accountant who can sit down and have a face-to-face conversation with him. As mentioned above, these figures are far too large to rely on the... kindness... of those who frequent this site.
What am I missing? How do you know he is a director of any company?
I'm reading (re-reading, but given the last read was 20 years ago and I was a teen who didn't understand half the jokes at the time) Good Omens (with perhaps a view to watch the series, maybe) and then onto the 4 books in the Hitchhikers Guide to the Galaxy trilogy (another 'I read it as a teen but bet I missed most of the jokes').
I just finished A Scanner Darkly but struggled to enjoy it. I had a similar reaction to Do Androids Dream of Electric Sheep? (but adore Blade Runner and the whole genre of AI and androids, especially Asimov) so maybe I just don't get on with Philip K (AW is going to censor this isn't it...) Dick.
But just to throw it out there, I find a good chunk of my free time is spent on a console or computer (as I am a believer in the idea that a good game can be as entertaining as a book and a film combined). I'm currently playing Nier Automata, Borderlands and Papers Please, all of which I am enjoying thoroughly.
I am currently stoked for the release of Cyberpunk 2077 next year and hoping to read a few books in the genre (starting with Neromancer) before then.