Yes but what's the point if you haven't reached the ceiling and don't charge it on invoices?You can register for VAT though if you earn less than 37k. I am just wondering if you do register, are you liable to make returns
Even solicitors struggle with the complexities involved.
Just wanted to provide some clarification to my original post.
I am registered for VAT. My landlord is not registered for VAT.
Currently our VAT build is choking the business. What I am trying to determine, if my landlord registered for VAT and we agreed that the annual rent I am paying(15k) is inclusive of VAT going forward:
Will it affect my landlord, i.e. even though he registers for VAT,
Thanks
As rgds all the posts about the landlord been crazy to reduce his earnings by 21% - from my experience approaching landlord early and telling them business is in trouble you will find they can be quite flexible.
In my area, I have noted premises for rent well in excess of 12 months. Landlord would much prefer to have people in his premises at a lower rent than having it empty.
He might reduce it by 21% to keep a tenant, fair enough, lots are reducing rents to keep tenants.
Some do and some don't. As a landlord, I wouldn't even consider it. Call me tight but I'm not a charity
so if I have an opportunity to keep the same tenants whilst reducing the rent I will definitely do so.
there is a huge amount to be said for having tenants who look after the place, pay rent promptly etc.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?