.
.
I don’t mean an Owner Driver (respect ) or someone involved with
one of those fancy Agency schemes.
I mean a truly self employed HGV Driver who obtains
work directly from a client (such as a holiday relief etc.,)
and who bills the client direct, with a flat fee that covers
wage, holiday pay and National Insurance etc.
(I don’t think that VAT comes into it because you need
a turnover of 77 grand to be VAT registered.
I looked into this a few years back done some HMCR courses ( free ) but decided not to take this route due to a number of reason but yep believe it can work if you want it to & have enough client base
You can be VAT registered even if less then 77k year turnover
animal:
I looked into this a few years back done some HMCR courses ( free ) but decided not to take this route due to a number of reason but yep believe it can work if you want it to & have enough client base.
You can be VAT registered even if less then 77k year turnover
.
.
I can’t see the point of getting involved with VAT if you don’t need to…
Anywayz, every employed driver needs six weeks holiday (OK its only 28 days)
so the demand for relief drivers must be there and no doubt it’s being
serviced by our friendly Agency who has an office, staff & other overheads
to pay for.
I’m wondering what our own flat rate / hourly price would be and would it
be competitive
.
.
animal:
I looked into this a few years back done some HMCR courses ( free ) but decided not to take this route due to a number of reason but yep believe it can work if you want it to & have enough client base.
You can be VAT registered even if less then 77k year turnover
.
.
I can’t see the point of getting involved with VAT if you don’t need to…
Anywayz, every employed driver needs six weeks holiday (OK its only 28 days)
so the demand for relief drivers must be there and no doubt it’s being
serviced by our friendly Agency who has an office, staff & other overheads
to pay for.
I’m wondering what our own flat rate / hourly price would be and would it
be competitive
.
.
I’ve often wondered what the agency rate would be, direct to the client, compared to what’s paid to the driver
Yes more money till u get a tax bill at end of year. Don’t get paid holidays only con but all other benifits outweigh this can claim for everything u need to do your job. Car mileage phone office Internet washing expenses etc. I would say I’m better off
Dieseldoforme:
.I can’t see the point of getting involved with VAT if you don’t need to
So an additional 10% on top of the net figure into your pocket each invoice via the small business rates scheme wouldn’t tempt you then?
Charge the client: net + 20% vat = £gross
Pay HMRC 10% of the vat each quarter
You keep 10% for yourself
Why not book yourself onto one of those free courses run by HMRC business education and support team, entitled “how vat works”, then while your at it book a couple of the other free courses and hear it direct from the HMRC staff. That way you won’t have to question the validity of the info provided on here by the members of TNUK
peirre:
Why not book yourself onto one of those free courses run by HMRC business education and support team, entitled “how vat works”, then while your at it book a couple of the other free courses and hear it direct from the HMRC staff. That way you won’t have to question the validity of the info provided on here by the members of TNUK
Have done a couple of them course they do give you a lot of help & info also some free books with it for help & reference telephone numbers in the back to help you as well
Dieseldoforme:
.
.
I don’t mean an Owner Driver (respect ) or someone involved with
one of those fancy Agency schemes.
I mean a truly self employed HGV Driver who obtains
work directly from a client (such as a holiday relief etc.,)
and who bills the client direct, with a flat fee that covers
wage, holiday pay and National Insurance etc.
(I don’t think that VAT comes into it because you need
a turnover of 77 grand to be VAT registered.
2 Simple questions - Does it work Could it work
Thankyou.
.
.
I no longer am but was for several years. I had done agency driving for nearly a decade and got a good reputation as a driver. The agency would have clients asking for me by name. I would get sent to new clients and ones where there was a problem.
I eventually started to ask a few if they’d be interested in going direct and they were so at that point I started to do self employed alongside the agency and after 3 months once the first invoices started to be paid, ditched the agency altogether. It even got to the point that on several occassions I got a mate to go into one of my customers as I had two wanting me at the same time.
The way I did it I would say is the best. You’ve already proven your abilities, you’ve got your name known. I would imagine it would be infinitely harder to go in to somewhere you’ve never been before and get work.
As for the flat rate VAT scheme, what you are being told here is entirely 100% correct. Anyone can register for VAT, it is only once you get to £77k you HAVE to register. The flat rate VAT scheme was created to simplify VAT for small businesses. You cannot claim VAT on what you buy but instead are awarded a rate you repay depending on sector which is lower than the standard VAT rate to compensate for not being able to claim it. For transport, the VAT flat rate repayable is 10% but you’re charging it out at 20% so you get to pocket the difference.
Dieseldoforme:
.
HGV Driver who obtains
work directly from a client (such as a holiday relief etc.,)
and who bills the client direct, with a flat fee that covers
wage, holiday pay and National Insurance etc.
Yes i do that for a friend.
Work a few nights etc and just invoice him every month.
) or someone involved with
schemes.
that covers
Could it work 