Discussion
I have been vat registered for over 25 years now, but for the last few it’s just a couple of days here and there. Sort of semi retired. Hence I am currently under the threshold for having to do the digital stuff where you need the approved software.
I now have the option of a fairly big job for a large company, which will put me over the current £85k threshold, but cannot decide whether it’s worth the hassle or not.
As things stand I plan to finish work for good before Christmas anyway.
Is there a way I can legally do this work and still not have to worry about this new vat system?
Thanks
I now have the option of a fairly big job for a large company, which will put me over the current £85k threshold, but cannot decide whether it’s worth the hassle or not.
As things stand I plan to finish work for good before Christmas anyway.
Is there a way I can legally do this work and still not have to worry about this new vat system?
Thanks
keirik said:
Pay your accountant to do it as a one off?
Its not a one off, its every quarterI've installed the VitalTax excess plug in, think its free for a year then a quid a month, not had to use it in anger yet (soon will) but when I looked that was the one I settled on.
Be interested if you find others.
I just did my first MTD return using www.taxoptimiser.co.uk. Was more or less as simple as the old way, possibly easier as the spreadsheet I used worked it out for me anyway.
Ben
Ben
Heres Johnny said:
keirik said:
Pay your accountant to do it as a one off?
Its not a one off, its every quarterI've installed the VitalTax excess plug in, think its free for a year then a quid a month, not had to use it in anger yet (soon will) but when I looked that was the one I settled on.
Be interested if you find others.
To be honest, with accounts systems like Xero, Vat is hardly a chore nowadays, nor is payroll, etc.
Circa £10.00 per month fee and it's a piece of cake. Just a few codes to type in, and your off. Makes your invoice tracking easier, automatically chases payments, reconciled your business account, etc, etc.
Circa £10.00 per month fee and it's a piece of cake. Just a few codes to type in, and your off. Makes your invoice tracking easier, automatically chases payments, reconciled your business account, etc, etc.
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