Quote:
Originally Posted by lamzee  If you are a ltd company, does that mean you have to be VAT registered. If so, do you find it hard to get multiples eg LLoyds, Boots, Rowlands to pay the VAT, with their set rates etc? |
From what I understand (I'm no expert):
You only have to be VAT registered if the company's turnover exceeds £64k. From next tax year it will be £67K. Note, this does not apply only to Ltd companies but also to locums who operate as sole traders.
So if you are a locum who is lucky and hardworking enough to be possibly earning in excess of £64k cut back the hours a little and chill out.