What is the VAT Flat rate scheme?
The VAT Flat Rate Scheme pays VAT to HMRC at a fixed percentage of the business’s annual turnover. Please continue reading to learn more about the VAT Flat Rate Scheme and how it impacts contractors.
VAT registration: FAQs, the benefits, and how to register
As contractor accountants, we receive many frequently asked questions about VAT registration for limited companies. We help our accountancy clients register their limited companies for VAT, and we’re happy to advise on the VAT registration threshold, what VAT taxable turnover is, and how to register for VAT.