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Search results: 9 article(s) found in topic: Flat rate scheme - keyword: Eligibility

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FLAT RATE SCHEME

Retrospectively joining or leaving the FRS

If you joined the flat rate scheme (FRS) a couple of years ago but now realise that it’s actually costing you money, or you want to backdate an application to join, how will HMRC respond? More...

VAT CASES

SLL Subsea Engineering Ltd v Revenue & Customs [2015] UKFTT 43 (TC). FRS

VAT CASES

Colaingrove Ltd v Revenue & Customs [2015] UKUT 2 (TCC). Caravan rating

FLAT RATE SCHEME

What counts as a capital purchase?

If your business is operating on the flat rate scheme and it purchases a capital item, then you know you can claim back the VAT. But to take full advantage, what counts as a capital purchase? More...

FLAT RATE SCHEME

FRS - what to be aware of

The flat rate scheme is supposed to simplify accounting but there are a number of pitfalls that you need to look out for and some little known rules that you could take advantage of. What’s the story? More...

VAT LEGISLATION

Geoffrey Seeff t/a TPL Associates v HMRC [2013] UKFTT 335 (TC). FRS

FLAT RATE SCHEME

Do your sums before joining the flat rate scheme

If you’re thinking of joining the flat rate scheme (FRS), you’ll need to be sure it doesn’t cost you any more than normal VAT accounting would. As backdating any application to leave will be difficult, what should you watch out for? More...

FLAT RATE SCHEME

Interest not in FRS turnover?

The VATman has grudgingly amended his guidance on including bank interest in flat rate scheme (FRS) turnover. Good news - so what do you need to know? More...

FLAT RATE SCHEME

Considering the FRS? What to look out for

The flat rate scheme (FRS) is becoming increasingly popular with small businesses. If you’re considering joining, what should you look out for to ensure maximum benefit? What is the FRS? More...
Last updated: 19.07.2018

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