What's the vat rate on a new bulk tank?

jersey101

Lads whats the vat rate on a new bulk tank??
I had a two lads here today and yesterday and they worked out the vat at 13.5% i was up at my uncles tonight getting his advice on the tanks and he reckons it should be 23% vat.

hugo29

jersey101 wrote: »

Lads whats the vat rate on a new bulk tank??
I had a two lads here today and yesterday and they worked out the vat at 13.5% i was up at my uncles tonight getting his advice on the tanks and he reckons it should be 23% vat.

Labour and materials is 13.5% depending on the labour/material split

Purchase only is higher rate

td5man

hugo29 wrote: »

Labour and materials is 13.5% depending on the labour/material split

Purchase only is higher rate

It used to be 2/3

delaval

jersey101 wrote: »

Lads whats the vat rate on a new bulk tank??
I had a two lads here today and yesterday and they worked out the vat at 13.5% i was up at my uncles tonight getting his advice on the tanks and he reckons it should be 23% vat.

13.5% if installed which is almost always is the case. All vat can be reclaimed even if not reg.

jersey101

delaval wrote: »

13.5% if installed which is almost always is the case. All vat can be reclaimed even if not reg.

grand job. Uncle was convinced last night it was 23% because that is what is charged when he fits the milking machines

delaval

jersey101 wrote: »

grand job. Uncle was convinced last night it was 23% because that is what is charged when he fits the milking machines

If goods are >66% of invoice 23.5%
If labour(service) is > 66% of invoice 13.5%
Motor trade is an exception and a dew more I can't think of

td5man

delaval wrote: »

If goods are >66% of invoice 23.5%
If labour(service) is > 66% of invoice 13.5%
Motor trade is an exception and a dew more I can't think of

2/3 rule..

jersey101

Gonna be an expensive buy. All the tanks are working out at the same price bare one which us a well known make and a better tank. That can be got a bit cheaper than the others. Milk pump has to be changed, have to get an inline filter a plate cooler and a new water heater. :/:/:/:/

KCTK

jersey101 wrote: »

Gonna be an expensive buy. All the tanks are working out at the same price bare one which us a well known make and a better tank. That can be got a bit cheaper than the others. Milk pump has to be changed, have to get an inline filter a plate cooler and a new water heater. :/:/:/:/

Did you apply for the grant in the end? Got approval here yesterday to go ahead, had visit on Monday about it, bit of a joke, guy just trying to pass an hour out of the office, was more interested in looking down the fields at the cows

John_F

13.5% on tank & 23% on parlour here

jersey101

KCTK wrote: »

Did you apply for the grant in the end? Got approval here yesterday to go ahead, had visit on Monday about it, bit of a joke, guy just trying to pass an hour out of the office, was more interested in looking down the fields at the cows

applying for it next week id say, wanted to get our prices sorted first

KCTK

jersey101 wrote: »

applying for it next week id say, wanted to get our prices sorted first

Have you got the dept sheet on the max you can apply for, ie so much per cluster, per litre of tank, per litre plate cooler etc, knock 20% off the reference cost per the dept sheet and that is how much you can apply for(reduce by 20% to get extra marks when application been looked at). If it actually costs less then you'll just get paid based on the lower actual cost

Timmaay

KCTK, they are accepting almost everyone now, so I'd just fire in for the full amount. I know back when the scheme was over subscribed they were favouring lads with the 20% less, but not anymore, better to keep your options open in-case whatever costs more!

KCTK

Timmaay wrote: »

KCTK, they are accepting almost everyone now, so I'd just fire in for the full amount. I know back when the scheme was over subscribed they were favouring lads with the 20% less, but not anymore, better to keep your options open in-case whatever costs more!

Ah [EMAIL="cr@p"]cr@p[/EMAIL], could have done with that extra 20%...

jersey101

I havent got a final cost on the parlour yet ill have it by monday id hope but i lnow already itll be over 30k so if i get any where near the 16k for the parlour il be happy. And the bulk tan and plate cooler and heater will be simiar so i should get close to the 10k grant

delaval

I'm filling out an application form next week. First grant form I've ever submitted!!

KCTK

delaval wrote: »

I'm filling out an application form next week. First grant form I've ever submitted!!

You all nervous, first time giving you the butterflies and all!!!

jersey101

delaval wrote: »

I'm filling out an application form next week. First grant form I've ever submitted!!

same as meself, last time dad got a grant was in 80s

farmerjj

KCTK wrote: »

Did you apply for the grant in the end? Got approval here yesterday to go ahead, had visit on Monday about it, bit of a joke, guy just trying to pass an hour out of the office, was more interested in looking down the fields at the cows

did you apply for grant in last round(31st aug) I,m still waiting for approval its nearly 3 months now..

50shades

delaval wrote: »

I'm filling out an application form next week. First grant form I've ever submitted!!

what are u buying with the grant tank ? palour??

delaval

50shades wrote: »

what are u buying with the grant tank ? palour??

Up grading parlour and two tanks. Will be applying for 3 grants

My wife and I are in a milk partnership and I am in one with a third party also.

If tanker driver will continue to come daily may not do tanks but will apply anyway

50shades

delaval wrote: »

Up grading parlour and two tanks. Will be applying for 3 grants

My wife and I are in a milk partnership and I am in one with a third party also.

sounds like ul be a busy man what kind of up grade have u in mind ??

KCTK

farmerjj wrote: »

did you apply for grant in last round(31st aug) I,m still waiting for approval its nearly 3 months now..

Ya last round, 1st I heard back was call from dept man last Monday saying he was on his way out to me

farmerjj

KCTK wrote: »

Ya last round, 1st I heard back was call from dept man last Monday saying he was on his way out to me

IS the inspection on every application or do they just inspect a certain percentage??

KCTK

farmerjj wrote: »

IS the inspection on every application or do they just inspect a certain percentage??

No, think it's only something like 1 in 10 get inspected before approval