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Cash flow conundrums

As an owner-manager, seeing your cash flow steadily dwindle can...
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Clive Lewis, ICAEW

Nov 17 2005

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Clive Lewis is Head of SME Issues at the Institute of Chartered Accountants in England & Wales with particular expertise in funding and growth, burdens on small businesses, insolvency and legislation. He is also a member of the Better Payment Practice Group.

Comments [2]

Comment by Antony Price

Thursday 17th July 2008

why do i have to pay vat on taxi fares when other taxi firms dont just because im vat registerd i am be penalised and can only charge the same as the others

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Comment by Mike Knight

Tuesday 16th September 2008

Hi Clive

I have a question about VAT.
I am in the process of leasing a new Ind Unit, originalie the paperwork gave the impression that it would be £10.50psf x2142sf. But on my offer to the landlord to lease i was told that it was advise by there people to be £1.00psf. Stretching my budget i have been able to incur this, but through my nivatie, i have been hit with VAT. Now having to pay 6mnths deposit due to no trading history, this is a cost i could do with out. I have spoken to the estate agent about there client re calculating values to incur this VAT, as they will be VAT registered, they can claim it back, unlike me. As i won't be earning enough to be registered.

Now the question that has been thrown at me is that i can try for a VAT dispensation on this & should hopefully be able to do it as a contra flow with HM Revenue.

Can you please advise if this is true, how to do or what other alternative i can take?

cheers mike

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