VAT Flat rate - Limited cost trader

[psychocandy]

Well this is new since last time I had a limited......

So no more 14.5% or whatever it was for most of us then? 16.5% (although I assume the 1% first year discount still applies?)

[eek]

Well this is new since last time I had a limited......

So no more 14.5% or whatever it was for most of us then? 16.5% (although I assume the 1% first year discount still applies?)

Read the first timer guides - which would tell you there is zero point using flat rate VAT nowadays for contractors.

[northernladuk]

Ask your accountant and instead of assuming why not spend 10 seconds researching it?

As you've been told to do in every ill thought out and poorly researched question you've posted you could try a search. If you use the keyword FRS VAT the second post it brings back explains exactly what the situation with VAT is and also answers your discount question.

You really do have to put a bit of time and effort in to help yourself PC.