My company offsets VAT on purchases against VAT on sales and there is a material benefit. Flat rate VAT negates that offset benefit completely. I think you may have missed the point.
If the purchases are less than the percentage of vat, which under an umbrella managed company they are likely to be(you aren't going to buy PC's for a company you don't own), then the UC could end up in profit with flat rate vat.
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