uk-netmarketing Archive (2011-2015)

Hi Caroline,

Can’t help with the EU VAT issue as I wasn’t aware of it myself but I will look into it and report back if I managed to get any clarity.

Outside that though I suggest you look at Freeagent.com<http://Freeagent.com> and Xero.com<http://Xero.com> I prefer the former but accountants normally prefer the latter. Also, if you haven’t already then take a look at the flat-rate scheme for VAT. You can use that up to 250k turnover and it can work out very much in your favour.

Cheers

C



Chris Kempt - Kempt
+44 (0) 8456 800899 || +44 (0) 7701 048632
chris at kempt.co.uk<mailto:chris at kempt.co.uk>
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Two major new games coming in 2014 - TheMagnificentStunts.com<http://themagnificentstunts.com>

Kempt Ltd, First Floor, 31 St Margarets Street, Canterbury, Kent CT1 2TG.
Kempt Limited registered in the UK, Company number 4725387




On 25 Mar 2014, at 08:04, Caroline <caroline at radarmusicvideos.com<mailto:caroline at radarmusicvideos.com>> wrote:

Hello Chinwaggers,

We're beginning to get close to the VAT threshold, so we're having to consider thorny issues of pricing.
But there are other questions too, you might have some advice to share?

Book-keeping
I currently run our book-keeping on Google Docs. Now might be a good time to swap to something like Quickbooks.
Any suggestions on accounting software, preferably free software?

Rules
When should we apply VAT and when shouldn't we? Our accountant has advised the preferred rules are to apply VAT only to sales to UK residents, but that HMRC sometimes take a different view and to check. I guess the budget announcement makes this preference law? viz:

""As announced at budget 2013, the government will legislate to change the rules for the taxation of intra-EU business to consumer supplies of telecommunications, broadcasting and e-services. From 1 January 2015 these services will be taxed in the member state in which the consumer is located, ensuring these are taxed fairly and helping to protect revenue."

Any advice from anyone on how to easily spot where your blumming customers live? We use Paypal & Paypoint.




Any other words of wisdom on the headaches & otherwise of becoming a fully fledged VAT registered company

Many thanks all, as ever :)

Caroline




Caroline Bottomley

Managing Director
Radar Music Videos<http://www.radarmusicvideos.com/home>
Twitter<https://twitter.com/radarmusicvideo>
Radar connects labels and artists to talented new music video directors worldwide
Winner European  Lovie Awards<https://www.peopleslovie.eu/#music-0>
Winner Best Music Start-Up<http://4pt5.com/radar-music-videos-wins-the-music-4-5-pitch-competition/> Music 4.5
Mailing list<http://eepurl.com/1Nzs> - the business of music video





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