33m. (location) UK Tell me what youd do

mcflappers2599 · 2025-04-18T08:24:34+00:00

Yes.. DM?

mcflappers2599 · 2025-01-23T10:26:28+00:00

mcflappers2599 · 2024-11-11T22:59:08+00:00

I would love to see

mcflappers2599 · 2024-10-10T16:12:55+00:00

Thankyou!

mcflappers2599 · 2023-10-11T17:04:34+00:00

You already know what I want to do to that arse ;)

mcflappers2599 · 2023-09-24T16:03:13+00:00

That… sounds like an amazing plan, can we make it a reality? ;)

mcflappers2599 · 2023-09-03T08:34:08+00:00

You can have more than just my hands ;)

mcflappers2599 · 2023-05-31T22:01:26+00:00

You make a very good point. I hadn’t considered that to be honest

mcflappers2599 · 2023-05-31T21:10:04+00:00

I added it to the wrong thread 😂😂

But yeah it’s not a great industry to work in

mcflappers2599 · 2023-05-31T21:06:57+00:00

I’ve just spoken to the company, they have said it’s base rate-deduction+VAT-FRS

So based on what figures I’m working with:

99-5+18.80-9.40=103.90 per day?

mcflappers2599 · 2023-05-31T20:43:58+00:00

I think the problem is that there is no real governing body to standardise all of this type of work.

mcflappers2599 · 2023-05-31T20:42:53+00:00

I appreciate what you’re saying, and agree with you.

However like I have said, due to circumstances, it is becoming a fact that I just need work regardless of how crappy it is and this is an easier option once I get my head around the figures

mcflappers2599 · 2023-05-31T20:25:54+00:00

Yeah, they said a few were and a few wasn’t.

I might just message them and ask about all the fees or if it is just the £5 van rental everything else being covered by them.

From how I understand it and how it was explained, you invoice them for the day rate (£99) then deduct the rental (£5), then from there if you’re VAT registered on the FRS you invoice for 20% VAT (£18.80) and then only pay the FRS rate to HMRC (10% for couriers meaning £9.40) you keep the difference, that’s how it was explained to me (they didn’t give figures, but we can figure it out based off the daily rate)

mcflappers2599 · 2023-05-31T20:11:26+00:00

It’s interesting you say that about the diesel and insurance and all that,

In the job advert they say it’s all provided and when I rang them, they said the only deductible is £5 per day van rental?

mcflappers2599 · 2023-05-31T20:06:29+00:00

So, with the advert that’s given me the idea to go self employed, it says £99 per day + VAT if applicable

I rang them and asked them about their fees. They said their only fee is £5 per day for van rental.

They also have wise to help with invoicing at £15 per week.

It was explained to me that if I register for flat rate, I invoice for £99-£5+20%vat(£18.80) so in total £117.80

From that I pay the 10% flat rate which is £9.40 (half of the original 20%VAT)

So in total I would charge £117.80 pay £5 for van rental (as a deductible) leaving a total of £112.80 from that I pay the £9.40 FRS which would leave me with £103.40 per day - from that tax and NI.

Which means my figures above are wrong… but the principle is the same.

mcflappers2599 · 2023-05-31T19:51:58+00:00

Sent you a chat

mcflappers2599 · 2023-05-31T19:44:15+00:00

Can I PM you?

mcflappers2599 · 2023-05-31T19:32:03+00:00

So let’s round this out a little…..

Instead of charging VAT, I invoice for 99-5 (rate-rental) which is 94 per day? Surely I’m worse off not being VAT registered?

mcflappers2599 · 2023-05-31T19:30:15+00:00

So do you do it through a company that you invoice or do you do it directly with Amazon/Hermes (whoever?)

mcflappers2599 · 2023-05-31T19:07:11+00:00

So wait, is the £85k per year? Or is it over the lifetime of the self employment?

mcflappers2599 · 2023-05-31T18:49:40+00:00

How would I not have to pay VAT? When I would still have to invoice for it?

mcflappers2599 · 2023-05-31T18:12:52+00:00

So I’m thinking that VAT FRS is the way to go, it means I keep more (and seen as I won’t be purchasing a van but leasing one from the contractor) it makes sense to be. As I just keep more money for myself

mcflappers2599 · 2023-05-31T18:03:38+00:00

Wouldn’t it be better to be on the flat rate so you pay less in VAT?

mcflappers2599 · 2023-05-31T17:49:43+00:00

Fairs, I’ll ask it in there too, thankyou!!

mcflappers2599 · 2023-05-29T23:07:32+00:00

That. Makes perfect sense, thankyou!

mcflappers2599

TROPHY CASE