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Changes to Flat Rate VAT Scheme

Changes to Flat Rate VAT Scheme

by Wijay Kanagasundaram | Apr 1, 2017 | Accounting and bookkeeping, HMRC, IR35, VAT

The advantage of having a flat rate VAT scheme is that it reduces the amount of admin work for contractors like you. The VAT claimed is simply calculated at a certain percentage based on industry category. (Computer and IT consultancy 14.5%, Advertising 11%, Computer...

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