Flat Rate Scheme

Flat Rate Scheme

Feb 14, 2021 | Uncategorised

VAT – Flat Rate Scheme   What is it? VAT is calculated as a difference between VAT from sales (output VAT) and VAT from purchases (input VAT). Sometimes a person has a refund of VAT, but many times owes Vat to HMRC. Flat Rate Scheme is a set % of VAT that has to be...