My company is getting close to having to become Vat registered
what I'm worried about is we have a lot of customers who pay via direct debit as little as £18.30 a month and they have signed a 12 month contract so once we hit this £82k what's the best way to deal with them as I'm going to lose Customers as its not worth paying the vat out of the money we take
Any new customers we will add the 20% on top so when we have to become vat registered then we can take it out of what there paying...
Vat
what I'm worried about is we have a lot of customers who pay via direct debit as little as £18.30 a month and they have signed a 12 month contract so once we hit this £82k what's the best way to deal with them as I'm going to lose Customers as its not worth paying the vat out of the money we take
Any new customers we will add the 20% on top so when we have to become vat registered then we can take it out of what there paying...
Vat