Feb 14, 2021 | Limited Companies, Self Employment in UK, Uncategorised, VAT Returns
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...