De registering for vat and winding down
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Forestboy1978
- Posts: 1000
- Joined: Sun Oct 23, 2011 9:57 am
- Location: southampton, hampshire
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dig dug dan
- Posts: 2504
- Joined: Thu Jul 10, 2003 10:20 pm
- Location: hemel hempstead,herts. 01442 212315
If you sell before you de register, yes, otherwise no
Dan the Crusher Man
01442 212315
www.crusherhire.co.uk
"a satisfied customer? we should have them stuffed!"
01442 212315
www.crusherhire.co.uk
"a satisfied customer? we should have them stuffed!"
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lemoncurd1702
- Posts: 712
- Joined: Sat Oct 19, 2013 7:56 am
- Location: South Wales
- Contact:
If you sell before de-reg then you charge vat on the sale. If you keep or sell after de-reg the HMRC may want a percentage of the Vat relief you had, depending on how long ago you made the purchase.
"Just sell the items for cash and say F-all, they don't know what you have or don't have. That 5 year old mixer that got stolen, the wacker plate that got scrapped and the van you bought for £10k but had to sell for£1k cos the engine blew."
That's what a retiring old builder told me he was going to do before setting of for the sun.
"Just sell the items for cash and say F-all, they don't know what you have or don't have. That 5 year old mixer that got stolen, the wacker plate that got scrapped and the van you bought for £10k but had to sell for£1k cos the engine blew."
That's what a retiring old builder told me he was going to do before setting of for the sun.
Cheers
Lemoncurd
Lemoncurd