Hi Mike

Thanks for the question!

The surefire way of making sure you have enough money for the taxman is:

every time you invoice anybody or receive any income, take 18% of it and put it in a different bank account. This will virutally always guarantee you have enough for the taxman.

Hope that helps - if you would like to speak further about your specific situation feel free to call me on 0113 394 4616.

Thanks

Russell

Hi Tony

Thanks for the question!

Unfortunately, there is not much you can do here. You are accounting for the VAT on the postage correctly (most people get this wrong).

If your customer is VAT registered, then it won't make any difference to them. I'm guessing though, that your customers are not VAT registered (which means they are paying VAT on the postage).

You could include postage in the price, i.e. not analysing it separately on the invoice although this doesn't really make much difference.

If you would like to speak further on your specific situation feel free to call me on 0113 394 4616.

Thanks

Russell

Hi Hannah

Thanks for the question!

The quick answer is:

Whether there is VAT on lease properties is entirely up to the landlord and whether he/she has opted to charge VAT.

If they do charge VAT it will always be 17.5%.

If you'd like a longer answer more specific to your situation please call me on 0113 394 4616.

Thanks

Russell Smith

Good question - Russell will be online for a week as from next Thursday!

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