Thursday 20 August 2009

It's really nice to receive cheques from the Inland Revenue.

We registered the company for VAT at the very beginning, and I think that was the right thing to do, since we won't be selling to provate individuals. It has added paperwork, not not a huge amount, but at this stage in our corporate life the VAT rebate (on materials purchased) is enormously helpful. It's just worrying to know that it's only 17.5% (or 15%) of what we've spent on materials etc.

It would be really nice to actually sell something soon though.

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