Should I use the Flat Rate VAT Scheme? Flat Rate VAT Scheme Guide
Here's a quick guide to help you decide whether registering for the Flat Rate VAT scheme is right for your business.
Remember to consider who your client is, whether you need to register for VAT and the number of VATable expenses your business has.
The Flat Rate VAT scheme has a lot of benefits for small businesses and it can be setup when you initially register for VAT with HMRC.
Here's a list of trade sectors and the relevant VAT percentages:
https://www.gov.uk/vat-flat-rate-sche...
For more information about the Flat Rate VAT changes regarding Limited Cost Traders, click here: • Flat Rate VAT Changes
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As always if you have any questions or comments on the Flat Rate VAT Scheme, just use the comments box below: • Should I use the Flat Rate VAT Scheme? Fla...
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