Flat Rate VAT Scheme

The old Flat Rate VAT scheme simplified life for contractors, with signatories paying a set percentage of gross turnover as VAT. However, changes coming into force from April may mean many contractors will soon be better off on the standard […]

For the micro business or freelancer, every penny counts so anything that can be done to reduce tax or save money is welcome. Who can register for VAT? Any ‘taxable person’ can register for VAT, which includes: An individual A […]

For small and micro businesses, any tool that can save money is welcome. The Flat Rate VAT Scheme can, under certain circumstances, help to achieve this aim. What is different? Under standard VAT accounting, your business keeps a record of […]

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