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VAT Flat Rate Scheme

VAT Flat Rate Scheme: How Does it Work? What Are the VAT Flat Rate Percentages? Who is the Scheme Applicable To?

HMRC Limited Cost Traders

The HMRC Limited Cost Traders test was introduced from 1 April 2017 to stop businesses registered under the VAT Flat Rate Scheme...

VAT Flat Rate Scheme: Handling Bad Debts

If you are in the unfortunate position of not being paid by a customer or client, then you may be able to claim for...

VAT Flat Rate Scheme: Claiming VAT on Stock When Leaving the...

When you are part of the VAT Flat Rate Scheme you don't claim the VAT on your purchases.  However if you have left or...

VAT Flat Rate Scheme: Leaving the Flat Rate Scheme

Leaving the VAT Flat Rate Scheme is simple to do. But there are implications for VAT reporting as well as some time...

VAT Flat Rate Scheme: Flat Rate Percentages 2019

Here is a list of the 2019 Flat Rate Percentages as set out by HMRC. You'll need to choose...

How to Register for the VAT Flat Rate Scheme Online

Choosing to register for the VAT Flat Rate Scheme Online is easy enough to do yourself. Joining...

How the VAT Flat Rate Scheme Works

The HMRC VAT Flat Rate Scheme works by simplifying the traditional VAT reporting system to help certain smaller businesses.