11th August 2010, 01:00 AM
(This post was last modified: 11th August 2010, 09:12 AM by Unitof1.)
As I said hosty average archaeologist in salary earns in the low twenty grand for their time, I don’t see another 50 grand of expenses on top to make a grand turnover of 70000 to drag you into vat registration. Dont see why that should be any different for an average selfemployed archaeologist.
Seems to me that your vat advice is for a RAO or small businesses, not really for self employed archaeologists. If I landed a 450k job it would be best spread over 7 years or if you are going to play with those numbers you will have to be vat registered.
I could feel you resisting good doctor
Well I mainly work for private individuals. I prefer them to be the landowner, I pass as many costs directly to them such as machine hire charges and don’t rely on any handling (consultancy) fees. I mostly charge by time which it seems can be spread through post ex. To give up a 20% margin would be madness. The reason there is a VAT dispensation is to give those and their business earning less than 70000 help. It seems to me in my circumstances that to charge vat is to bring archaeology into disrepute. Maybe once you have registered it becomes very difficult to escape and so you go around trying to drag everybody else in?
My advise to the self employed archaeologist is don’t register for vat but beware that there is a vat threshold and that its based on a rate of turnover .
Came across this in public web space-maybe it puts to rest that charities don’t charge vat although I have never seen a statement of vat accounting in the charity commission accounts
http://www.google.co.uk/url?sa=t&source=web&cd=21&ved=0CBQQFjAAOBQ&url=http%3A%2F%2Fwww2.basingstoke.gov.uk%2Ftest%2F1088%2F00%2F17%2F36%2F00173665.PDF&ei=j-BhTKjBPIuM0gT-5MHnDA&usg=AFQjCNF3HGLflxXAvLky-hcXYEsXdYI1rQ
savings in the first paragraph nice
any archaeologists out there on a flat rate, -what is it?
Seems to me that your vat advice is for a RAO or small businesses, not really for self employed archaeologists. If I landed a 450k job it would be best spread over 7 years or if you are going to play with those numbers you will have to be vat registered.
I could feel you resisting good doctor
Quote:[SIZE=3]Being VAT registered only makes you less competative if you are working directly for private individuals and competing against others who are VAT registered.[/SIZE]
Well I mainly work for private individuals. I prefer them to be the landowner, I pass as many costs directly to them such as machine hire charges and don’t rely on any handling (consultancy) fees. I mostly charge by time which it seems can be spread through post ex. To give up a 20% margin would be madness. The reason there is a VAT dispensation is to give those and their business earning less than 70000 help. It seems to me in my circumstances that to charge vat is to bring archaeology into disrepute. Maybe once you have registered it becomes very difficult to escape and so you go around trying to drag everybody else in?
My advise to the self employed archaeologist is don’t register for vat but beware that there is a vat threshold and that its based on a rate of turnover .
Came across this in public web space-maybe it puts to rest that charities don’t charge vat although I have never seen a statement of vat accounting in the charity commission accounts
http://www.google.co.uk/url?sa=t&source=web&cd=21&ved=0CBQQFjAAOBQ&url=http%3A%2F%2Fwww2.basingstoke.gov.uk%2Ftest%2F1088%2F00%2F17%2F36%2F00173665.PDF&ei=j-BhTKjBPIuM0gT-5MHnDA&usg=AFQjCNF3HGLflxXAvLky-hcXYEsXdYI1rQ
savings in the first paragraph nice
any archaeologists out there on a flat rate, -what is it?