Flat VAT

Certainly looks more attractive now they have dropped it to 13%. I'll do the sums but it sounds good to me - the old 14.5% would have actually cost me money.

*update*
It did look good and I've asked my accountant to get me switched over.

On a seperate issue the C&E issued me with a fresh VAT registration document showing my trade classification as 72600 other computer related activities.

Anybody else have this? May be after my telephone VAT inspection where I went over all my company activities. I did wonder if it might give me an even better flat rate but it doesn't seem so - they go by description not the code numbers they have issued

Anybody else going for the flat rate VAT registration? (thanks to SJD for pointing it out, full story on CUK news). My back-of-a-Rizla calculations tell me you're better off as long as you spend less than £127 on VAT-able expenses per £1000 you bill, which I reckon many of us will.