How to Fill In a Flat Rate VAT Return
How to fill in a flat rate VAT return, which figures need to appear in the 9 boxes of the VAT return and see an example of a flat rate return
Whether you’re a business owner looking to improve your cash flow or an accountant trying to reduce your clients administrative burden, there may be a VAT scheme out there to help! Here you can find details about all the main VAT schemes available including the second-hand goods scheme, cash accounting and flat rate scheme. You’ll also discover how they can benefit a business, improve cash flow and how to apply for them.
How to fill in a flat rate VAT return, which figures need to appear in the 9 boxes of the VAT return and see an example of a flat rate return
Businesses registered for the flat rate VAT scheme pay VAT to HMRC at a set percentage. Here is a list of the current flat rate percentages.
The Flat Rate VAT Scheme is one of HMRC’s VAT schemes available to help to simplify VAT reporting for certain smaller businesses and ease cash flow. In this guide, I’ll explain how the flat rate VAT scheme works, registration, who qualifies to use it and how some registered businesses are affected by what is known … Read more
How to use the VAT Reverse Charge to simplify accounting for VAT on services supplied between the UK and EU businesses.