WCMUT is both bikes sailed through their MOT. Usual advisory on one of them but it's an OEM exhaust so not my fault it's not quiet!!!
Fingers crossed for the other one on Monday.
The way an accountant explained the 1/6th profit VAT rate is that the profit is considered as the amount including the VAT so the VAT owed is 1/6th of the total profit - real profit + 20% of real profit = 120% so the VAT part of the total is 1/6th of the 120%...
Back in the days of the 17.5%...
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