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News and advice to help make your business a success

The new Flat Rate VAT Scheme: What does it mean for the self-employed?

Flat Rate VAT schemes may not be the first thing you think of when you wake up. But following Chancellor Philip Hammond’s Autumn Statement this year, you may want to take a closer look if you’re a VAT registered small business. What is VAT? VAT is a tax paid on most goods and services. VAT registered firms have to charge VAT on their sales and can reclaim VAT on their...
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