News Tag Results for "Flat Rate Scheme"

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Flat Rate Scheme for VAT

Q. I have recently registered for VAT. Although my turnover is only just above the VAT registration threshold, I anticipate that it will now increase year-on-year. How does the flat rate scheme for... more


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How does the Flat Rate scheme work?

How does the Flat Rate scheme work?  Broadly, the flat rate scheme for VAT is designed to help small businesses with a turnover of no more than £150,000 a year, excluding VAT, by tak... more


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VAT Flat rate scheme: changes have taken effect

VAT Flat rate scheme: changes have taken effect The VAT flat rate scheme (FRS) is used by many small businesses to help simplify their VAT reporting obligations. Businesses could often gai... more