VAT flat rate changes
Important changes to the VAT Flat Rate Scheme came into effect from April 2017. HMRC have introduced a new flat rate of 16.5% which must be used by a “Limited Cost Trader” irrespective of their industry sector.
Important changes to the VAT Flat Rate Scheme came into effect from April 2017. HMRC have introduced a new flat rate of 16.5% which must be used by a “Limited Cost Trader” irrespective of their industry sector.