Coffeeholic.
Look mate, you know you’re right, I know your right and anyone who actually runs a business knows you are right. However, plankton doesn’t have fingers to count on.
Give up and use your energy more wisely.
DoYouMeanMe?:
Coffeeholic.Look mate, you know you’re right, I know your right and anyone who actually runs a business knows you are right. However, plankton doesn’t have fingers to count on.
Give up and use your energy more wisely.
Crazyfreak cannot do debate, he has an opinion and that is that, just look at the lift axle thread for proof of this, Coffee, you’re wasting your breath 
Although our mentally challenged friend does have a point, VAT is passed onto the the final customer, if the end price rises due to too much taxation they won’t buy it, therefore it will not be made or transported, so it does affect the haulier, even if they do recover the VAT 
Carryfast
Your obviously confusing VAT with the surcharge that the government levies on fuel
As I’ve previously stated, as a VAT registered business I pass on the VAT aspect to the end consumer.
Which is 1 reason why I’m VAT registered, afterall its only another column on my spreadsheet & 5 mins of my time to do the online VAT return. But yet it saves me £100’s each quarter on day to day items I buy for my business
What ever happens the general public will have a VAT rise to pay for.
When you do business with a customer they know they have to pay VAT whoever they use even foreign companies, the advantage you have is you can keep that in your bank until the tax man wants it off you,20% instead of 17.5% (more money for you to use) if you are clever you will use that to pay the VAT on everything you buy in the mean time, until you sort out claiming that VAT back off the government,
That’s right Jimti, I used to do work for British and foreign companies, invoicing foreign companies attracts no VAT, I used to have a balance (almost) that meant that nearly all of my collected VAT was offset against the VAT I paid, meaning that all the work I did for UK based companies had an extra 17.5% profit, well as long as you work out your costings without taking VAT into account and use gross figures for everything
newmercman:
That’s right Jimti, I used to do work for British and foreign companies, invoicing foreign companies attracts no VAT, I used to have a balance (almost) that meant that nearly all of my collected VAT was offset against the VAT I paid, meaning that all the work I did for UK based companies had an extra 17.5% profit, well as long as you work out your costings without taking VAT into account and use gross figures for everything
So if a Polish subby invoices a Brit company on a cabotage job he’s got a 20% head start before he even puts any cheap diesel in the tank bought in Luxembourg on the way back from the last continental run. 
Carryfast:
newmercman:
That’s right Jimti, I used to do work for British and foreign companies, invoicing foreign companies attracts no VAT, I used to have a balance (almost) that meant that nearly all of my collected VAT was offset against the VAT I paid, meaning that all the work I did for UK based companies had an extra 17.5% profit, well as long as you work out your costings without taking VAT into account and use gross figures for everythingSo if a Polish subby invoices a Brit company on a cabotage job he’s got a 20% head start before he even puts any cheap diesel in the tank bought in Luxembourg on the way back from the last continental run.
NO NO NO NO
The ‘Pole’ will invoice, say, 200quid, the Brit will invoice 240quid, but will offset the 40quid VAT against his/her purchases, so they both get 200quid for the job, the Pole may have a greater profit margin due to lower costs, but VAT makes no difference either way, the supposed ‘common market’ is at fault in that case, the level playing field it was meant to bring has never arrived 
Carryfast:
newmercman:
That’s right Jimti, I used to do work for British and foreign companies, invoicing foreign companies attracts no VAT, I used to have a balance (almost) that meant that nearly all of my collected VAT was offset against the VAT I paid, meaning that all the work I did for UK based companies had an extra 17.5% profit, well as long as you work out your costings without taking VAT into account and use gross figures for everythingSo if a Polish subby invoices a Brit company on a cabotage job he’s got a 20% head start before he even puts any cheap diesel in the tank bought in Luxembourg on the way back from the last continental run.
The VAT duty in Luxembourg is 15% so that would be 5% and a big detour, but of course you can claim back 20%, he can only claim back 15%… Looks like we are on a winner at last
Put it this way…you have to pay out 20% for your fuel, but you also get 20% from any dealings you have where you get money…Now if you are in business your income will be higher than your outgoings so for example if you get £100,000 income then you get £20,000 in VAT paid in to you, and if your expenditure is 75,000 you have to pay out £15,000 in VAT… That makes you £5,000 to the good. It is of course all irrelevant as the tax man will have the £5,000 in the end when you do your VAT returns, but in the mean time YOU are better off. at 17.5% you would only be £4,375 to the good before your tax returns. That is money in your bank earning interest…You win every time VAT goes up (as a business) Go down Asda doing your weekly shop and that is a different story, but you aren’t on about that
newmercman:
Carryfast:
newmercman:
That’s right Jimti, I used to do work for British and foreign companies, invoicing foreign companies attracts no VAT, I used to have a balance (almost) that meant that nearly all of my collected VAT was offset against the VAT I paid, meaning that all the work I did for UK based companies had an extra 17.5% profit, well as long as you work out your costings without taking VAT into account and use gross figures for everythingSo if a Polish subby invoices a Brit company on a cabotage job he’s got a 20% head start before he even puts any cheap diesel in the tank bought in Luxembourg on the way back from the last continental run.
NO NO NO NO
The ‘Pole’ will invoice, say, 200quid, the Brit will invoice 240quid, but will offset the 40quid VAT against his/her purchases, so they both get 200quid for the job, the Pole may have a greater profit margin due to lower costs, but VAT makes no difference either way, the supposed ‘common market’ is at fault in that case, the level playing field it was meant to bring has never arrived
But the Pole is going to quote on a cabotage job based on a fuel cost which is 20% less,‘inclusive’ of taxes,which is the price which will be passed on down the line to the end user.He’s then going to claim the fuel VAT back at the Luxembourg rate.Who’s going to get the job him or the domestic Brit haulier 
.But it’s looking good again for doing a mixture of Brit domestic and euro subbing .
God forbid if they do let the nursing home run an international haulage operation from the potting shed
I would be worried about him drooling in the telex…
WildGoose:
If you can spare 70 minutes of your time, the following is well worth a watch.channel4.com/programmes/brit … -story/4od
Things are looking very bleak indeed.
Kind of puts the students moaning about having to actually pay for their own education in golf course management, into perspective slightly.
■■■■■■’ brilliant m8, well worth a watch, now… How do we get gvt to watch n learn■■?