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Carpentry & Joinery

Acceptable price to charge customers on top of my trade discount

Anonymous user 01/03/2024 - 2.48 PM

hi there what is generally acceptable to charge a customer on top of my trade discount. A percentage or the RRP? Is this common practice? ive been employed for years but hoping to go self employed so this is all new to me. also how do i stand with vat? im a sole trader and not vat registered, do i need to mention vat on invoices etc? examples of how you work would be helpful. thanks

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2 Answers

Boiler Homecare

Rating: 5 out of 5
Honiton
Common practise is to apply a 10% mark up on goods bought at trade discount. As regards VAT as your are not VAT registered, you do not have to itemise this cost on your invoice when billing for goods/materials just simply state the Gross value. If however your annual turnover exceeds the current VAT threshold at £77,000 then you will have to register with the VAT man. Bear in mind that your turn over includes income/materials combined!
Answered7 February 2013
0

Anonymous user

normally 20% on top of your trade price depending on the volume of goods. For Vat, you can elect to register now or wait until you near the threshold of i think is now 73k. Vat is in this present climate is a killer if your sole trader. Good luck.
Answered7 February 2013
0