Category: VAT Guides

What is VAT and who needs it?
How do changes in the flat-rate scheme may affect your tax calculation?
How to get ready for Making Tax Digital for VAT?
Get clarity about your VAT questions and stay up to date with future developments.

A quick guide to understanding the flat rate VAT scheme

The flat rate scheme (FRS) for VAT works well for businesses that have few expenses which incur VAT. This is why for contractors, it tends to be the most beneficial scheme to be on. Under […]

What is Flat Rate VAT and how can it help?

If you’re a small business or freelance contractor working through a limited company and you have sales of £150,000 or less per year, the chances are you would benefit from being on the flat rate […]