VAT on Sales?

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logobear
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Re: VAT on Sales?

Post by logobear »

iT IS NOW 225
1 Hour T-shirt printing shop in Newcastle upon Tyne.
http://www.logobear.co.uk/
Logobear t-shirt print and embroidery. 74 Clayton Street. Newcastle. NE1 5PG. UK
neilb
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Joined: 19 Mar 2012, 15:00
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Re: VAT on Sales?

Post by neilb »

logobear;81035 wrote:iT IS NOW 225
If we're talking about the Flat Rate Scheme, turnover needs to be under 150k to qualify. Once you are on the scheme you can stay on it until your turnover hits 230k.
Designandgift
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Re: VAT on Sales?

Post by Designandgift »

pisquee;81034 wrote:We started in a garden shed whilst living in a one bedroom flat and very much outgrew it!
(albeit, a very large shed, with full insulation, and electrics run in)
pretty much the same myself, but i am still growing i took a leap to move into a shop front, left the workshop in the backgarden.
i think it be a great use as a lads chill out den im not 15 but i still love a good game of fifa and a beer, the missis will be happier also :)
but you guys have a point, i was asked by a friend to go vat registered but i personally do not think it is time yet i am happy to keep it as a "hobby" as such and concentrate on quality and forget quantities until i can manage it, i am still pretty much a one man band and sometimes an order of 10 mugs feels like a lot to do :P
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Stevo
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Re: VAT on Sales?

Post by Stevo »

Thanks for everybody's input, and yes it will be like a hobby to begin with Dave. I design my own mugs but Mrs Maggot I'm no skilled designer. I will get equipment hopefully Jan/Feb time so I need to install Powerdrive the other drivers ect and remember to mirror the image ect ect. LOL. Will let you know of progress :confused:
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