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Search: Posts Made By: staywet
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Forum: Rotorheads
24th Aug 2010, 21:36
Replies: 203
Views: 74,338
Posted By staywet

Professionals dont know either. Its luck of the...

Professionals dont know either. Its luck of the draw and a lot of contributors to this thread have had to fight it out at a tribunal....most appear to have lost. Thats why it is important to ask...
Forum: Rotorheads
23rd Aug 2010, 23:37
Replies: 203
Views: 74,338
Posted By staywet

Come on Whirly....your post is a little...

Come on Whirly....your post is a little inflamatory. I like flying toys, other people sell caps and T shirts. The idea of selling a secondary product is simply a method that would indicate that the...
Forum: Rotorheads
23rd Aug 2010, 20:01
Replies: 203
Views: 74,338
Posted By staywet

So that suggests you should do the hour building...

So that suggests you should do the hour building after ppl and finish cpl within 6 months, to be able to reclaim about £5000 vat. (if hour building counts as training costs)? Thats not easy,...
Forum: Rotorheads
23rd Aug 2010, 18:37
Replies: 203
Views: 74,338
Posted By staywet

I phoned the vat helpline today. Training costs...

I phoned the vat helpline today. Training costs are reclaimable as long as you intend to make vatable supplies. I explained that the training costs could be between £60,000 and £100,000 over three...
Forum: Rotorheads
18th Aug 2010, 21:10
Replies: 203
Views: 74,338
Posted By staywet

Maybe it also depends which vat office. Otherwise...

Maybe it also depends which vat office. Otherwise why do some seem to "get away with it". Surely its either its allowed or it isnt. I spoke to another school today, and the question got "well its a...
Forum: Rotorheads
18th Aug 2010, 09:04
Replies: 203
Views: 74,338
Posted By staywet

So what would you differently? What training...

So what would you differently? What training costs were you able to reclaim after the first flying invoice?

The thing is, the 17.5% spread all over the training of CPL FI amounts to either...
Forum: Rotorheads
17th Aug 2010, 14:34
Replies: 203
Views: 74,338
Posted By staywet

Thanks whirly. Thats what I understood. So post...

Thanks whirly. Thats what I understood. So post 136 is misleading.
Forum: Rotorheads
16th Aug 2010, 14:52
Replies: 203
Views: 74,338
Posted By staywet

I am not so sure about them charging interest or...

I am not so sure about them charging interest or even a penalty unless you have been careless or deceptive. In the case of simply ceasing to trade, you only have to repay the vat that you have...
Forum: Rotorheads
15th Aug 2010, 22:30
Replies: 203
Views: 74,338
Posted By staywet

Just to clarify regarding what might happen if ,...

Just to clarify regarding what might happen if , having reclaimed the vat on training costs, you go straight into an employed job (lucky you). I understand that if you still have any vatable product...
Forum: Rotorheads
15th Aug 2010, 20:47
Replies: 203
Views: 74,338
Posted By staywet

So is vat not reclaimable on modular?

So is vat not reclaimable on modular?
Forum: Rotorheads
13th Aug 2010, 19:04
Replies: 203
Views: 74,338
Posted By staywet

Now thats a great answer. The thing is...

Now thats a great answer.

The thing is pretty well black and white. Whilst you can reclaim vat on most training costs. It means you also must pay to the revenue all vat from any income. The above...
Forum: Rotorheads
12th Aug 2010, 21:03
Replies: 203
Views: 74,338
Posted By staywet

A £350 gift is too obvious and the thread tries...

A £350 gift is too obvious and the thread tries to examine the vat element, which a gift would not deal with. So I have introduced a vatable product, eg a photo.

We can develop the idea...
Forum: Rotorheads
11th Aug 2010, 22:09
Replies: 60
Views: 27,292
Posted By staywet

I thought the same as Gordy. The first few...

I thought the same as Gordy. The first few moments were rather untidy and I was expecting to see it plunge into the crowd. Until I realised it was not a new pilot but an air display and therefore the...
Forum: Rotorheads
11th Aug 2010, 21:42
Replies: 203
Views: 74,338
Posted By staywet

From my point of view, vat is reclaimable and...

From my point of view, vat is reclaimable and previous advise is to make your self employed business description as wide as possible and if possible make vatable sales immediately. OK, we know you...
Forum: Professional Pilot Training (includes ground studies)
9th Aug 2010, 11:55
Replies: 7
Views: 1,542
Posted By staywet

Why are you forced to do more hours? Aren't a few...

Why are you forced to do more hours? Aren't a few more hours a good thing, it all goes towards hour building afterwards?

My question is, Orlando FT offer around 1000 hours (which includes a good...
Showing results 1 to 15 of 15


 
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