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The Book-keepers Forum -> Welcome to The Book-keepers Forum! -> VAT Query
Post Info TOPIC: VAT Query
alfie


Veteran Member

Status: Offline
Posts: 36
Date: Mon Dec 12 22:12 2011
VAT Query
 

I have a client who says he has registered as voluntary vat.

He does have paper work showing registration. His turnover is not up to vat levels yet and it is only his first year.

The quarterly period ended on 30th November, when has his return got to be in for, and is he correct in getting himself registered as voluntary.

Please advise !



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kjmcculloch83


Guru

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Posts: 906
Date: Mon Dec 12 23:12 2011
 

If you do it online (not sure if you now need to or not) you get until the 7th January 2012. I have a client with the same period end.

Kris

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alfie


Veteran Member

Status: Offline
Posts: 36
Date: Mon Dec 12 23:18 2011
 

Thanks

I have not done a voluntary one before, Is the same as doing a standard one?



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Shamus


Forum Moderator & Expert

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Posts: 4055
Date: Mon Dec 12 23:22 2011
 

Hi Alfie,

yes, exactly the same

Shaun.

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Don Tax


Guru

Status: Offline
Posts: 714
Date: Tue Dec 13 07:46 2011
 

alfie wrote:

I have a client who says he has registered as voluntary vat.

He does have paper work showing registration. His turnover is not up to vat levels yet and it is only his first year.

The quarterly period ended on 30th November, when has his return got to be in for, and is he correct in getting himself registered as voluntary.

Please advise !

Hi Alfie,

This is most likely one of two things:  He has large pre-trading expenditure or he sells mainly to VAT-registered businesses.  

If his customers are not registered for VAT, in the main, then this may not have been the correct course of action.

Regards,

Tim



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ClareB4


Senior Member

Status: Offline
Posts: 121
Date: Tue Dec 13 12:34 2011
 

Personally I always tell clients that the end of month rule still applies as they very often try to push it over month end but yes, deadline is the 7th following the month end after the period ended.

I registered voluntarily for VAT as all my clients are VAT registered except one and you do returns etc in exactly the same way as you would for a company that has to register. Once they are reigstered there is no difference whatsoever.

Whether he was correct in registering depends on a few things as Tim says above. Has he told you why he registered?

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