Vat registered? What's today?

[Harvest Fields]

I know of companies that do it. But I would say no.

 

[armyash]

Bull s--- to me you bought the materials did the work for a price which you both agreed on , they paid you that price less the 20% paid to CIS ? and for the materials you spied yes , you are not vat registered so cannot claim vat back on the materials and they didn't supply the materials they used your credit to get the work done so cannot claim it either . Kop

I will account for it when I do my self assessment. They do not deduct anything from me.

I go to job. Give price. They say yes. I do the job. They pay me price quoted.

 

[Last Plumber]

This is really down to you and how you run your own business.
In our case we purchase materials, add a mark up and then those materials - along with the Labour element - are invoiced to the customer with the VAT added on top.
Our customers do not get to see (or ask) to see the invoices and receipts we are issued.
If you are subcontracting and also require being reimbursed with money for the goods you provide, then a VAT registered company selling those goods on, would need the receipts in on time to claim the the VAT back in the right VAT quarter.
Obviously I don't know what amount you are talking about but if they invoice the customer plus VAT yet don't have a receipt to claim back on then the full VAT amount of invoiced goods would have to be paid over to the revenue. That way they could lose out, unless they can claim it in the next quarter. Even if they can, they would be that difference down until the quarter is over.
Does that make sense?

 

[armyash]

I know of companies that do it. But I would say no.

I'm just going to write up my receipts tomo

This is really down to you and how you run your own business.
In our case we purchase materials, add a mark up and then those materials - along with the Labour element - are invoiced to the customer with the VAT added on top.
Our customers do not get to see (or ask) to see the invoices and receipts we are issued.
If you are subcontracting and also require being reimbursed with money for the goods you provide, then a VAT registered company selling those goods on, would need the receipts in on time to claim the the VAT back in the right VAT quarter.
Obviously I don't know what amount you are talking about but if they invoice the customer plus VAT yet don't have a receipt to claim back on then the full VAT amount of invoiced goods would have to be paid over to the revenue. That way they could lose out, unless they can claim it in the next quarter. Even if they can, they would be that difference down until the quarter is over.
Does that make sense?

Yes that makes sense.

I've been doing work for them since before Xmas but they only started asking to see receipts 2-3 weeks ago which makes it seem a bit strange. If they had said from the off then I could have split labour and materials on the invoice for them. Now I have to go back through all my jobs.

If this was a domestic I would do exactly the same. Get price for materials +10-20%, work out labour there's my price total take it or leave it.

 

[Last Plumber]

If you are sub contracting for them, they are supposed to take your tax off you and pay it to the revenue. They can only take it from the labour element.
That was the case until recently anyway. I have not checked for a couple of years but I can't see it having changed.

 

[king of pipes]

This does not sound right to me I have been sub contracting to a building company they set me up on their accounting system via my unique tax reference number and national insurance number , I invoice them my labour figure and seperate materials costing 20% is deducted from the Labour figure and paid to the taxman through CIS I get issued a voucher to prove they have paid over that amount these get passed on to my accountant , the vat is not claimed back as I am not registered and stay under the threshold . Cheers kop

 

[armyash]

It started off the odd phone call out the blue. Can I do this job 'yes, send info'.

Job done, invoice sent.

It became more and more and they said now as I'm doing more an o go up the office and get an Id card made up. Starting to feel like an employee to be honest.

They have said 'you've done alright with us so far' money wise they mean.

Yesterday I got a payment for just over 2k for some jobs. One of them was a boiler change supply and fit. They go you had a good payment today.

It's not a gift, they a are paying me for work done so why say anything.

It's 14 days payment terms which I admit is good but they are paying me for work completed.

 

[king of pipes]

If I was you I would get some advice from your accountant definitely not right mate they are making good money off you so its a 2 way street . Good luck with it kop

 

[Welder]

100% with KOP there. You are effectively being backmailed into (what I feel is) fraudulant activity. Just remember. If you participate YOU are as guilty as they in the eyes of the law. YOU have ZERO excuse I'm afraid.

Get formal advice NOW.

 

[Harvest Fields]

100% with KOP there. You are effectively being backmailed into (what I feel is) fraudulant activity. Just remember. If you participate YOU are as guilty as they in the eyes of the law. YOU have ZERO excuse I'm afraid.

Get formal advice NOW.

If you want to keep them sweet and they want to claim the vat back. I would let them buy the parts.