As above, im paying a fortune for a 9metre lorry crossing the irish sea, belfast birkenhead or cairnryan, cost £580 return last time!!
I am not vat registered and need to get a better deal! Currently using a travel company as it works out a little cheaper than stenaline
Any ideas on how to get it cheaper, (made 4 return crossings this month alone)
Thanks
Thats not that expensive for irish sea
Try Victor Treacy 00353599720662
But your price is actualy quite a good price, if you take the VAT of it, its peanuts.
Maybe wise to change to VAT registred, save a few bob.
Good luck
Thanks, i will give him a call. I dont think being Vat registered would benefit me that much as id have to pass this on to customers and may end up in less bookings for me.
But i suppose 20percent back on pretty much everything would be nice!
Victor Treacy is one of the biggest bookers on the Irish Sea and also for anywhere else in Europe.
Great service super relliable!
Obviously don’t know what you do but in general as a haulier it’s a no brainier been vat registered 20% of your fuel bill is refundable then and I’d imagine most customers would expect you to be vat registered.
livefreeordie999:
Thanks, i will give him a call. I dont think being Vat registered would benefit me that much as id have to pass this on to customers and may end up in less bookings for me.But i suppose 20percent back on pretty much everything would be nice!
I assume you’re working in a market where your customers are domestic users then? If they’re business users they’ll likely be VAT registered themselves and therefore able to reclaim the VAT so although the invoice to them might be 20% higher they’ll get the extra back.
Also I’m not sure what vehicle you have or what your turnover is but even a man+van type haulage business is surely going to be getting close to the compulsory VAT registration limit anyway? It’s currently £77k turnover, and if you’re going over the Irish sea 4 times a month at £580 a time then you’re spending nearly £30k/year on ferries alone so with your own wages you’ll be pushing £50k before you even factor in fuel and vehicle costs.
Paul
Im 25, Just started out doing furniture removals. In.my second year of trading. Things are going very well for me but it is hard hard work. Just have a 7.5tonner and just bought a second hand daf cf250 drawbar outfit for bigger runs.Most of my customers are domestic (household removals and i get most of my work from being really competitvely priced. 20percent on top would not go down well with customers and i defo think id lose work. Was a good month bur id stil be goib over once or twice a month. Hopefuly with be reaching vat threshold soon. Not sure if tjis is a good or bad thing! Is it much more conplicated?
Its not that much more complicated most removals companies are vat registered and they all manage also you can claim the vat part of the cost of any veihcles bought back
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You need to do your sums over the Vat because as you say it will cause you to get less work, my accountant told me last year that many of his tradesmen clients were de registering as the vat was causing them to lose out on priced jobs.
puntabrava:
You need to do your sums over the Vat because as you say it will cause you to get less work, my accountant told me last year that many of his tradesmen clients were de registering as the vat was causing them to lose out on priced jobs.
It’s not complete black and white, a price with VAT is not 20% more than without VAT!
Your cost come in lower because you can claim your VAT back.
You pay the taxman only the difference between what you recieve and what you can claim.
I don’t have the feeling that i have to show you how to ■■■■ eggs, but if you do your figures right you will be able to price sharp.
There are more roads that lead to Rome!
caledoniandream:
puntabrava:
You need to do your sums over the Vat because as you say it will cause you to get less work, my accountant told me last year that many of his tradesmen clients were de registering as the vat was causing them to lose out on priced jobs.It’s not complete black and white, a price with VAT is not 20% more than without VAT!
Your cost come in lower because you can claim your VAT back.
Exactly, being able to claim the VAT back on your fuel, repairs, ferry crossings, etc. will mean you can lower you prices a bit.
Looking at fuel alone, say a £300 job costs you £120 in fuel (£100+VAT) then just looking at fuel alone you’re saving £20 so you could price the job at £280+VAT (=£336) which is only an increase of 12% on the previous price and not 20%. Obviously there are a lot of other factors you can take into account too as well as the fuel.
Paul