guarantee work but not registered ?

[tysfoot]

Hi, im not VAT registered yet but soon will be, shall i guarantee my work,

If so what shall i do and how shall i do it ?

 

[Yorkie]

What have you been doing so far?

 

[tysfoot]

Ive never guaranteed my work, just done the job and thats it, what should i say,

 

[guy1976]

why are you going vat registered

 

[tysfoot]

Why am i going vat registered ?

I want to eventually register as self employed thats why
What do you do

 

[Perry]

You dont need to be VAT registered to go self employed and if i had a problem with my work 5 years later i would go back and put it right

 

[tysfoot]

Yeah but all im asking is that when you price a job up do you say to a customer i can guarantee my work for 5 years.

 

[brian c]

you only need to become a sole trader,keep 20%OF YOUR INCOME FOR TAX,contact national insurance people and pay your nat ins by direct debit,keep a record of all your receipts for materials and file them with the copy of the invoice for that job,then at end of year contact an accountant or bookkeeper who will sort out all your tax for you for a set fee.Hope this helps.No need to mention guarantees when pricing a job as PJC says just go back and fix within a reasonable period,five years IMO is a bit excesive.

 

[Perry]

no i dont think you need to say anything unless you are asked but if you are i think 1 year would be expected

 

[enduro]

I was vat registered, with my previous business, but i only worked for big companies, unless your going to turnover £60,000 a year then you wont need to, also you will put a lot of private customers off, as it will make you more expensive than they guy who isn't. As for guaranteeing your work for 5 years thats to long, i would only say a year if anybody asks.

 

[tysfoot]

So when i pack my job in and i go about tilling on my own, do i need to register as self employed or can i let it pass for 6 months, what do you suggest i do when i do tiling full time

 

[Perry]

[DLMURL="http://www.hmrc.gov.uk/helplines/self-employed.htm"]HM Revenue & Customs: Self Employed helpline[/DLMURL] phone them they are somtimes helpfull

 

[tysfoot]

Cheers, not gonna do it till after xmas now

 

[grumpygrouter]

So when i pack my job in and i go about tilling on my own, do i need to register as self employed or can i let it pass for 6 months, what do you suggest i do when i do tiling full time

If you begin working for yourself you are required by law to notify HM Revenue and Customs that you have done so within 3 months of you "start date".

As for registering for VAT, don't bother unless you have a large amount of domestic work that pushes you over the current threshold (£64k) or you are going to be aiming at the contracting market, in which case there MAY be advantages to being registered. However your bookkeeping needs to be good and up to date, also you would need to be registered as a subcontractor with the Revenue to stop you getting 30% tax lopped off the top.

Grumpy

 

[guy1976]

Why am i going vat registered ?

I want to eventually register as self employed thats why
What do you do

i am a self employed tiler