- Changes to the Flat Rate VAT Scheme are coming - are YOU ready? In less than two weeks, changes to the Flat Rate VAT Scheme will come into force, which will affect almost all Limited Company contractors. In this blog, we take a look at what these changes are, and what can you do to calculate the effect it will have on you. The Flat Rate VAT Scheme (FR Article Author: Paul Gough Comments Read More
- Autumn Statement 2016 - How will the VAT Flat Rate Scheme Restriction Affect Contractors? In his Autumn Statement, Chancellor Phillip Hammond announced important changes to the Flat Rate VAT Scheme (VAT FRS): from 1 April 2017, a new 16.5% rate will be introduced for businesses with limited costs, such as many businesses providing services. Many contractors and small businesses Article Author: Sumit Agarwal Comments Read More
- Choosing the right VAT route There are several different ways you can account for VAT. Which VAT scheme is best for you? Choosing the right scheme is dependent on your business and circumstances. In this article, we are going to look at the Flat Rate Scheme but if you would like any further advice on any of the other Article Author: Cogent Accountants Comments Read More
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