A different VAT question

[ittony]

For those companies with low input VAT (which I suspect will be most contractors) the profit from being on FRS VAT is literally free money, and should seriously be considered. Plus it will simplify your VAT calculations.
QB.

Well, it wouldn't simplify my calculations.

Wouldn't being on the flat rate scheme limit the nature of my business, if I wanted to try a few ecommerce ideas on the side for example...

[TheFaQQer]

Wouldn't being on the flat rate scheme limit the nature of my business, if I wanted to try a few ecommerce ideas on the side for example...

No, because the rate is based on the majority of your business.

It only gets complicated once you have multiple business streams that are getting towards the same percentage of the business and you may need to change your percentage rate.