Hsbc are b@rstewards

[batty]

but in that example, if take cash for the job, and use that cash to replace materials that you used, then itll cost you

 

[Andy™]

Your talking riddles. ?:|

what im saying is right (i hope!), just all this tax added there, tax refunded there, tax re-added there makes things confusing

basically, you company buys materials, claims vat back, you then use materials for job, and sell them adding vat to price. now if you skip receipt and dont charge vat, the you have paid the vat on the meterials you just sold to him vat free, so your more out of pocket, since for you to replace materials to company, you need to pay vat

 

[Apache]

but in that example, if take cash for the job, and use that cash to replace materials that you used, then itll cost you

 

[batty]

what im saying is right (i hope!), just all this tax added there, tax refunded there, tax re-added there makes things confusingbasically, you company buys materials, claims vat back, you then use materials for job, and sell them adding vat to price. now if you skip receipt and dont charge vat, the you have paid the vat on the meterials you just sold to him vat free, so your more out of pocket, since for you to replace materials to company, you need to pay vat

Its getting worse sounds like a big fiddle to me.

:z

 

[Apache]

what im saying is right (i hope!), just all this tax added there, tax refunded there, tax re-added there makes things confusingbasically, you company buys materials, claims vat back, you then use materials for job, and sell them adding vat to price. now if you skip receipt and dont charge vat, the you have paid the vat on the meterials you just sold to him vat free, so your more out of pocket, since for you to replace materials to company, you need to pay vat

if you buy an item for

 

[a2]

Batty, i think this might make sense after a few of theseGuiness DrinkGuiness Drink

:^O :^O

 

[Pyro]

Excellent post by Pyro ( Do we call him MICC)

You can do!

 

[Andy™]

if you buy an item for

 

[Apache]

but the main point is, if you take a cash price for the job and charge net price, then you have paid VAT on materials you have just sold vat free! unless you let your company buy materials and dont put profit back etc....

But you claim the VAT back! AND don't pay any out. Win - win!

for the odd job or mates

 

[batty]

Batty, i think this might make sense after a few of theseGuiness DrinkGuiness Drink :^O :^O

AD2,

I never drink on a Sunday night. You have got to start the week with a clear head.

Batty