We have been VAT registered from the beginning of our licence 4 years ago and would not have done it any other way.<div>Regards</div><div>Cheryl</div><div>Express FM<br>Portsmouth</div><div><br><div class="gmail_quote">On 23 June 2010 14:53, Phil Shep <span dir="ltr"><<a href="mailto:phil@somersetfilm.com">phil@somersetfilm.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;">We have been registered for VAT since 98 and it has all the advantages<br>
others have alluded to. Be aware though that if your income generating<br>
activities are or become mainly educational then you can find HMRC taking<br>
the view that you have rendered yourself ineligible to charge or claim back<br>
VAT.<br>
<br>
This decision would be determined by monitoring inputs and outputs on a<br>
quarterly basis and again at the end of the year. So you need to be clear<br>
about your aims and objectives and about what you can charge VAT on and what<br>
you can't. This is a complex area which doesn't usually apply but can do<br>
under certain circumstances , so it's best to be aware.<br>
<br>
Phil<br>
Somerset Film<br>
<br>
<br>
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</blockquote></div><br><br clear="all"><br>-- <br>Cheryl Buggy Station Director Express FM 07968 590714<br><br>Express FM (Portsmouth) Ltd<br>Registered in England No 5265112<br>The Wiltshire Building<br>Hampshire Terrace<br>
Portsmouth PO1 2EG<br>
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