10th August 2010, 04:01 PM
I was trying to resist commenting.....
You can opt to register for VAt upto the threshold. If you are working for somebody else who is VAT registered they can usually claim the VAT back meanwhile you can claim the VAT back on things you buy ie they are 17.5% cheaper. Being VAT registered only makes you less competative if you are working directly for private individuals and competing against others who are VAT registered.
Peter
You can opt to register for VAt upto the threshold. If you are working for somebody else who is VAT registered they can usually claim the VAT back meanwhile you can claim the VAT back on things you buy ie they are 17.5% cheaper. Being VAT registered only makes you less competative if you are working directly for private individuals and competing against others who are VAT registered.
Peter