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Lemma's Secondary Tax Bill Induced LBM - OMG

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Comments

  • lemma1968
    lemma1968 Posts: 1,379 Forumite
    dawnybabes wrote: »
    Lurker here ... Do you use small business VAT (T/o at start has to be below £150K then you just pay a percentage of t/o - seem to remember its 7 or 8 %) you don't claim any back and only have to do accounts once a year. First year we did it it saved us £8K ! Its not very well known/advertised we had to dig to find out some info. We pay monthly over 10 months as well, which makes it easier.

    Never heard of it but i shall ask the question. Cheers x
    2013 TARGET £30k
    2012 £26500 paid off.
    2011 £22750 paid off
    2010 £19800 paid off
    2009 MBNA Cleared 25.09.09 £34391.33 PAID OFF
    DFW Nerd 612 Proud to be dealing with my debts
  • lemma1968
    lemma1968 Posts: 1,379 Forumite
    And £100 today gone. = £12,600
    2013 TARGET £30k
    2012 £26500 paid off.
    2011 £22750 paid off
    2010 £19800 paid off
    2009 MBNA Cleared 25.09.09 £34391.33 PAID OFF
    DFW Nerd 612 Proud to be dealing with my debts
  • dawnybabes
    dawnybabes Posts: 3,407 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Its here : http://www.hmrc.gov.uk/vat/start/schemes/flat-rate.htm

    Its called flat rate scheme, HTH

    It has a calculator on to see if it would be worth your while.
    Sealed pot challenge 822

    Jan - £176.66 :j
  • lemma1968
    lemma1968 Posts: 1,379 Forumite
    And todays £100 makes £12,700
    2013 TARGET £30k
    2012 £26500 paid off.
    2011 £22750 paid off
    2010 £19800 paid off
    2009 MBNA Cleared 25.09.09 £34391.33 PAID OFF
    DFW Nerd 612 Proud to be dealing with my debts
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    Happy Friday Lemma :T
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • lemma1968
    lemma1968 Posts: 1,379 Forumite
    hypno06 wrote: »
    Happy Friday Lemma :T

    Hello Hypno,

    Happy Friday to you too. :D

    I have just started my leave. I'm not going to know what to do with myself! :rolleyes:
    2013 TARGET £30k
    2012 £26500 paid off.
    2011 £22750 paid off
    2010 £19800 paid off
    2009 MBNA Cleared 25.09.09 £34391.33 PAID OFF
    DFW Nerd 612 Proud to be dealing with my debts
  • 40somethingmum
    40somethingmum Posts: 2,513 Forumite
    lemma1968 wrote: »
    Hello Hypno,

    Happy Friday to you too. :D

    I have just started my leave. I'm not going to know what to do with myself! :rolleyes:



    Have a well deserved rest .:T:T

    40SM
  • Hopeful1
    Hopeful1 Posts: 2,076 Forumite
    [/COLOR]


    Have a well deserved rest .:T:T

    40SM

    I'll 2nd that :p
    One step at a time ;)
  • lemma1968
    lemma1968 Posts: 1,379 Forumite
    [/COLOR]


    Have a well deserved rest .:T:T

    40SM
    Hopeful1 wrote: »
    I'll 2nd that :p

    Ah, thanks guys.

    Actually today I am meeting some old school friends (one i have not seen for over 24yrs!!) for lunch in Leeds.

    Its going to be interesting and fun. I have not been out in ages. How sad is that?!:p
    2013 TARGET £30k
    2012 £26500 paid off.
    2011 £22750 paid off
    2010 £19800 paid off
    2009 MBNA Cleared 25.09.09 £34391.33 PAID OFF
    DFW Nerd 612 Proud to be dealing with my debts
  • lemma1968 wrote: »
    Ah, thanks guys.

    Actually today I am meeting some old school friends (one i have not seen for over 24yrs!!) for lunch in Leeds.

    Its going to be interesting and fun. I have not been out in ages. How sad is that?!:p

    I am so glad that you did take the break. I think a lot of us haven't been out in ages especially with young children around so not sad at all.

    I am sure you will have a great time and you deserve it.

    DTxx
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