Thread: Tax in the UK
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Old 12-23-2007, 09:01 PM
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Quote:
Originally Posted by Robocop View Post
The VAT man offers an option of paying 10 to 12% VAT instead on 17.5%. The way it works is you charge 17.5% but pay 10 to 12% to the VAT man on the condition you do not claim any tax back from the VAT man.

This can work well for you if the amount of VAT you can claim back is very small.
Excellent thanks for that info Robocop very helpful
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