Group items tagged

The New Flat Rate VAT Scheme 2017: Will the new 16.5% rate influence you? Significant changes for businesses that utilization the VAT Flat Rate Scheme will produce results from first April 2017. This is expected to evacuate the open door for temporary workers specifically to make solid surpluses from the scheme.

If you are a contractor with a limited company, you are most likely aware of the government's planned changes to the VAT Flat Rate Scheme, as reported in the November 2016 Autumn Statement. What does it mean for constrained organization contractors who are enrolled on the scheme? Small business has no idea that "Flat Rate Scheme" exists for VAT. This scheme is aimed at the smaller business; It takes away a lot of Vat. You can explore our website- DNS Accountants.

Flat rate claim. This is otherwise called a 'scale rate' or 'benchmark' claim. HMRC have distributed rates for certain subsistence things which they will accept without the requirement for receipts to demonstrate the claim. You don't have to ask HMRC that you wish to utilize the subsistence scale rates before you begin claiming.