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Search results: 8 article(s) found in topic: VAT - keyword: Flat rate

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VAT

The flat rate scheme - still a winner?

In April 2017, a new category was added to the flat rate scheme (FRS), wiping out VAT savings for many clients. One year on, is the scheme worthwhile for these limited cost traders, and how could deregistration from VAT increase their bottom line? More...

IN THIS ISSUE - VAT SCHEMES

VAT schemes for SMEs: tips and traps to consider

It’s vital that your VAT-registered clients are aware of the benefits of certain VAT schemes that could either save tax or help business cash flow. How can the flat rate, cash accounting and annual accounting schemes be used to your clients’ advantage, and are there any pitfalls? More...

LIMITED COST TRADER STATUS

HMRC shuts down potential strategies

FLAT RATE SCHEME

Issues with the new “limited cost trader” category

A new flat rate category for limited cost traders will be introduced on 1 April 2017. What are the detailed rules, and are there ways for your clients to avoid having to apply the new punitive rate? More...

VAT

EU to centralise VAT schemes?

There are several VAT schemes open to your SME clients, such as the flat rate scheme. The European Commission is thinking about making changes. What could change and why should your clients get involved? More...

FLAT RATE SCHEME

Autumn Statement affects FRS users

The flat rate scheme has been used by businesses looking to simplify VAT reporting. However, you may have also advised clients to use it as a way to save money. What has the Autumn Statement changed? More...

VAT - FRS

Updated guidance - a saving opportunity?

Using a flat rate scheme can be beneficial and administratively simple for your clients. How has a recent change to the guidance made things easier, and how can your consultant clients potentially benefit? More...

VAT

Choosing the right flat rate percentage

An engineering business has won an appeal regarding its choice of VAT flat rate percentage. If you have a client that doesn’t easily fit into one of the flat rate categories on HMRC’s list, what rate should you choose? More...
Last updated: 26.05.2020

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