News and Articles on Vat tag

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
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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
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Should an IT contractor become VAT registered One of the questions we regularly get asked by our clients is “should they register for VAT?”. Many of our clients operate via a Limited Company set-up. In this article, we look at if a contractor operating via their own Limited Company should register for VAT. What is VAT? VAT Article Author: Cogent Accountants Comments Read More
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