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VAT calculation

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Comments

  • zygurat789
    zygurat789 Posts: 4,263 Forumite
    Part of the Furniture Combo Breaker
    Opinion wrote: »
    Though would tax not only be due if the OP's business makes a profit at the end of the financial year?

    ....but also?????????
    The only thing that is constant is change.
  • paddyrg
    paddyrg Posts: 13,543 Forumite
    Opinion wrote: »
    Though would tax not only be due if the OP's business makes a profit at the end of the financial year?

    Yes indeed, but that's rather the plan I suspect (hope)!
  • Opinion
    Opinion Posts: 401 Forumite
    paddyrg wrote: »
    Yes indeed, but that's rather the plan I suspect (hope)!

    First year of trading, assuming he's taking some sort of wage, I'd be more than happy just to break even!
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