Hi Community,
I need some help. Be nice as I’m new to this and struggle sometimes to understand elements around accounting and especially VAT. As I understand because I’m not VAT registered when quoting for a job my price is just my price, as it’s not inc or ex VAT, as VAT isn’t applicable. This does confuse me slightly, but I wanted to ask if that’s the correct understanding. I have a client who has just emailed asking if the price quoted is inc VAT. What would be the best way to reply to them?
Many thanks in advance.