Just like this but without being VAT registered in first place.
Would mean I can pass the larger parts costs through the buisness, all I need to do is add explanation to terms and conditions of contract and itemise actual cost on invoice as a disinbersment.
Only downside is not being able to mark up parts but I dont mark up boilers anyway.
Basically means I can increase my turnover by £20K+ without going over threshold.
Would mean I can pass the larger parts costs through the buisness, all I need to do is add explanation to terms and conditions of contract and itemise actual cost on invoice as a disinbersment.
Only downside is not being able to mark up parts but I dont mark up boilers anyway.
Basically means I can increase my turnover by £20K+ without going over threshold.
VAT: costs or disbursements passed to customers
How to account for VAT if you make supplies to your customers, and you pay certain costs that you pass on when you invoice them.
www.gov.uk