- Original Poster
- #1
We tipped over the threshold around the turn of the year and registered in January.
However we still don't have a VAT number and have now learned that we need to be charging our customers VAT (though we can't call it that) even though we don't have a VAT number..
all very confusing and a massive hassle..
so now we desperately need that VAT number - how much longer are we waiting do you think?
It's already been about a month!
I laughed out loud when I read this:
http://www.hmrc.gov.uk/vat/start/register/waiting.htm#4
To make sure that you do not lose income in the period after you applied for VAT registration but before you receive your VAT registration number, you should increase your prices by an amount equivalent to the VAT rate
OK so we just raise all our prices by 20% yeah that's going to work!
However we still don't have a VAT number and have now learned that we need to be charging our customers VAT (though we can't call it that) even though we don't have a VAT number..
all very confusing and a massive hassle..
so now we desperately need that VAT number - how much longer are we waiting do you think?
It's already been about a month!
I laughed out loud when I read this:
http://www.hmrc.gov.uk/vat/start/register/waiting.htm#4
To make sure that you do not lose income in the period after you applied for VAT registration but before you receive your VAT registration number, you should increase your prices by an amount equivalent to the VAT rate
OK so we just raise all our prices by 20% yeah that's going to work!
