8th August 2010, 10:38 PM
kevin wooldridge Wrote:I think I undertsand what you were trying to say David.
I was going to post in reply to EC Gardner that the VAT is based on turnover and not earnings. So for example it doesn't need many weeks of machine hire (even if you are fully recompensed by the project sponsor) to push a self-employed person into VAT-land.....which to be honest is a place you would rather not be!!
Thanks - I don't reach remotely near that level of turnover so don't tend to worry about it. Sorry for giving duff information:I