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Flat rate VAT

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    #11
    Flat rate Vat

    HMRC has proposed another level rate of 16.5% for any business of any industry in the event that they are delegated Limited Cost Trader. 16.5% compares to 19.8% of offer and accordingly the sparing is the little measure of only 0.2%. So actually anybody spending over 0.2% on Vatable costs will be more awful off proceeding on the Flat Rate Scheme from first April 2017.

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      #12
      Originally posted by Vidit Agarwal View Post
      HMRC has proposed another level rate of 16.5% for any business of any industry in the event that they are delegated Limited Cost Trader. 16.5% compares to 19.8% of offer and accordingly the sparing is the little measure of only 0.2%. So actually anybody spending over 0.2% on Vatable costs will be more awful off proceeding on the Flat Rate Scheme from first April 2017.
      Very much so.

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        #13
        I can't believe we've got this far and nobody has mentioned the new Limited Cost Trader rate of 16.5%...
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