Annual Running Cost for a Hive

[For want of a better word]

VAT is now 20% but honey is a food so VAT should not be charged.
Outputs will mostly be rated at zero, unfortunately nearly everything else in the way of inputs is rated at 20%
Registering for VAT will help as you can claim most of it i inputs) back, a mixed blessing, but it dose ensure you keep up to date with the accountancy!

Yeghes da

 

[Dogwednesday]

Annual Revenue Items

Varroa treatments
Autumn Feeding
Fondant (maybe)
Artificial Pollen fee (maybe)
Glass jars
Replacement brood frames (1/3 annually)
Antihistamine pills (if you need them)
Gloves
Acetic Acid for fumigating supers containing frames

Prices vary so much depending on choices you make. I hope that is some food for thought.....

 

[B+.]

Registering for VAT will help as you can claim most of it i inputs) back, a mixed blessing, but it dose ensure you keep up to date with the accountancy!

However, you are required to report VAT to HMRC quarterly (on the last day of March, June, September & December) so there is a possible timing difference between the outlay and being able to reclaim the VAT.
It helps if you use software that send the VAT return to HMRC for you but you also have the cost of the software if you do it that way.
Basicaly, VAT is a pain whatever you do.

 

[For want of a better word]

However, you are required to report VAT to HMRC quarterly (on the last day of March, June, September & December) so there is a possible timing difference between the outlay and being able to reclaim the VAT.
It helps if you use software that send the VAT return to HMRC for you but you also have the cost of the software if you do it that way.
Basicaly, VAT is a pain whatever you do.

Soon Tax returns are going to be required quarterly... putting yet another burden on small businesses!

Our man in the Bowler hat described VAT as a "subsidy for food producers and farmers" as it allows us to claim back our inputs into food production.

Yeghes da

 

[B+.]

Our man in the Bowler hat described VAT as a "subsidy for food producers and farmers" as it allows us to claim back our inputs into food production.

Did he also tell you that you were working for HMRC as an unpaid tax collector?

 

[jenkinsbrynmair]

However, you are required to report VAT to HMRC quarterly (on the last day of March, June, September & December)

or the last day of April,July,October,January orMay,August,November,February depending on what you are allocated or choose. Some repayment traders can also request to put in monthly returns

 

[Finman]

or the last day of April,July,October,January orMay,August,November,February depending on what you are allocated or choose. Some repayment traders can also request to put in monthly returns

He asked annual costs, not monthly. Stay in hedline.

 

[bontbee]

He asked annual costs, not monthly. Stay in hedline.

and that was in March 2015!

 

[Finman]

and that was in March 2015!

Bingo...

 

[jenkinsbrynmair]

and that was in March 2015!

So by now he should have his 'business plan' in place and well on the way to being a millionaire

He asked annual costs, not monthly. Stay in hedline.

And only a fool would not recognise that having a regular monthly cheque of VAT repayments is better for the annual business plan than waiting a whole three months to get back his cash.

 

[Finman]

.
25 hives,and asking business plan from forum?

.

 

[For want of a better word]

Bingo...

Well done Finnie my sweet!

Was them rats endemic Native Finnish black rats or the Norwegian variety?
How do you prepare them for the table?

Rattatooie ore Mousearrka?

Daresay anything tastes good after a bottle of Rom!!

Skoal =

Yeghes da

 

[Finman]

Well done Finnie my sweet!

Was them rats endemic

The trap is Native British from London Westminster City Counsil cellar.

 

[For want of a better word]

The trap is Native British from London Westminster City Counsil cellar.

Snivelling Tory rats then... about to abandon a sinking ship?

Yeghes da