Making a new business

[T & H Plumbing]

Just an Update to how im progressing

My Flyers landed on the doorstep today posted 4 thousand of um :cool3: weather was glorious but still have another 4 thousand to post :bigcry:

Work wise its been a bit quiet, got a full weeks worth of work booked in monday, apart from that ive fitted 6 outside taps lol and a leaking toilet also the possibility of a full bathroom install coming up, the word is getting out slowly but surly

Hopefully will have the van purchased and signed up within the month (fingers crossed)

 

[T & H Plumbing]

Question about VAT

With me being a noob I have shot myself in the foot when doing a supply and fit job I never took into consideration VAT when quoting, what's best way of adding on VAT to goods I supply??

Take into consideration all the goods and add 20% ????

Last job cost me near enough £80 in me not allowing for VAT (won't make that mistake again)

 

[kay-jay]

Question about VAT

With me being a noob I have shot myself in the foot when doing a supply and fit job I never took into consideration VAT when quoting, what's best way of adding on VAT to goods I supply??

Take into consideration all the goods and add 20% ????

Last job cost me near enough £80 in me not allowing for VAT (won't make that mistake again)

You cannot charge vat if you are not vat registered.

Whatever you buy from a merchants the price you pay includes vat. You charge this price to the customer plus a markup pllus labour. If you so much as mention vat on one of your invoices you can get in a lot of trouble

 

[T & H Plumbing]

I don't think I explained good enough, what I ment to say was

For instance I have the B&Q trade point book there prices in there are without vat, when a customer tells me for instance a bathroom suite they want and say its £200 would I add %20 on for vat then give the customer that price including mark up???

 

[Atouchofgas]

Exactly so £100 + vat = £120 + mark up =£?

 

[T & H Plumbing]

Exactly so £100 + vat = £120 + mark up =£?

£140???? 🙂

 

[SimonG]

100 plus vat plus % = 156 plus labour.

 

[kay-jay]

Ideally your markup on materials should be 20-30%