Its VAT time again

[EternalOptimist]

Hey ho - time to do my VAT again.

How many are using the flat rate scheme ?

I pay 13% which probably makes me £1k / year compared to the old scheme.

[ratewhore]

Not worth me doing flat rate as I have subbys and resell goods. Plus I have too many VATable expenses...

[DimPrawn]

Hey ho - time to do my VAT again.

How many are using the flat rate scheme ?

I pay 13% which probably makes me £1k / year compared to the old scheme.

Just coming off the flat rate scheme. My plan B business ventures outside contracting mean I'm spending a lot on VATable items now.

Overall flat rate scheme was not worthwhile for me.

[n5gooner]

17.5% for me as I have subbys working for me and sell items so have high VAT items.