Hi guys,
Hoping someone could put this into perspective for me. I'm eligible for the 1% discount on the flat rate VAT scheme until Sept this year, which puts me at 15.5%. I'l be putting through approx 20 miles a day, ipse+ membership, lunches and 2 x mobile phone contracts (lets say £45 each).. Current contract is £400 pd.
edit: Accountant fees at £120 pm +vat too!
My accountant says I'd be typically better off on the flat rate until my discount ends, but I gather it's a lot easier for them not having to bother with me being off the flat rate...
Cheers!
Hoping someone could put this into perspective for me. I'm eligible for the 1% discount on the flat rate VAT scheme until Sept this year, which puts me at 15.5%. I'l be putting through approx 20 miles a day, ipse+ membership, lunches and 2 x mobile phone contracts (lets say £45 each).. Current contract is £400 pd.
edit: Accountant fees at £120 pm +vat too!
My accountant says I'd be typically better off on the flat rate until my discount ends, but I gather it's a lot easier for them not having to bother with me being off the flat rate...
Cheers!
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