UK couriers’ gift £19 billion VAT windfall to government.

Based on official figures in 2019 the UK’s self-employed
courier workforce numbers 5 million. Sources from director level at one of the
UK’s leading courier companies have their self-employed workforce being only 20-25%
VAT registered.

My business offers a specialised service to register
couriers for VAT and on average they reap rewards of  £4500-5000 per annum. If these numbers remain
true across the whole industry it means couriers are gifting the government in
the region of £19 billion.

You are entitled to reclaim all the VAT you have spent in
running your business as a self-employed courier. If you are not VAT registered,
you are parting with thousands of pounds of your own hard-earned cash to
contribute to this windfall.

Why would 75-80% of couriers do this? It would seem there are several factors.

I believe courier companies themselves could do more to
inform their new recruits regarding the benefits of VAT registration. After all,
it is in  a courier company’s own
interests. It can see its self-employed workforce earning several thousands
more without it costing them or doing a thing.

A lot of accounting firms and tax professionals would not
see self-employed couriers as a high value client base. Preferring to deal with
Finance Officers and CEO’s of larger companies and charging large fees.

Some answers I’ve heard from couriers themselves when asked
why they weren’t VAT registered,

“I want nothing to do with the tax man”

“It’s too much hassle”

“I know nothing about tax”

“Didn’t know I could”

“Never got around to it”

Thinking any of these things is costing you thousands of
pounds. Being a self-employed courier can be a great life but to make it pay,
you need to take advantage of every opportunity.

We have structured our services so it will cost you nothing. You only pay our fee from the VAT we have generated for you. And that is guaranteed.

Just send us your invoices and receipts at the end of the
month and we do the rest. Lean back and start planning your next holiday.

Andrew Eldridge Financial Services

Telephone 01525 872297 / 07974579309


Or visit

Specialist provider to the courier industry, across
the UK

Source: Courier News

UK couriers’ gift £19 billion VAT windfall to government.

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