AKAMOTORSLTD

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Everything posted by AKAMOTORSLTD

  1. We have just begun our 2nd year trading and fortunately it seems didn’t meet the threshold for being VAT Registered. Thanks for the reply’s that has cleared a bit up for me and you can be sure if I am required to be VAT Registered I will certainly do that. I asked the question to make sure I was going about this the correct way rather than taking an educated guess. Thanks for this lol!
  2. Hello All, I have been reading these forums for years and always found great advice on here. I am currently in our second year of trading and we are still fairly small so not required to be VAT Registered just yet. We spend a lot of money on VAT, Fuel, expenses, parts, bills etc and it seems like a great idea to get VAT Registered and start claiming that money back.... however I would like to hear from some experienced dealers who have been through this rather than listening to the usual “ Yeah course it’s worth it you can claim all your VAT Back”. I personally do not beleive mr tax man would give anything back without taking it with the other hand. any advice would be appreciated and I look forward to some funny and probably sarcastic responses!