VAT

VAT – Flat Rate Scheme Updates

Changes to the VAT Flat Rate Scheme (FRS) with effect from 01.04.17 Anne Hutton | Towers + Gornall HMRC is introducing an additional test that will determine the flat rate percentage used by traders. This new category for “limited cost traders” will use the FRS percentage of 16.5%. Traders that meet the new definition of a […]

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