We fear that the planned Flat Rate VAT changes are so broad, that huge numbers of genuine FRS users will pay much more in VAT. Jason Kitcat explains.
Currently browsing VAT
Jason Kitcat: “The Govt’s impact analysis again fails to meaningfully consider how the proposed changes to Flat Rate VAT will affect micro-businesses.”
Following the Autumn Statement, we take a closer look at how the new Flat Rate VAT scheme will affect you if you’re a VAT registered small business.
How to stay on top of the deadlines for your tax filings as a freelancer, contractor or small business in the UK.
New EU VAT rules finally came into force on 1st January, but a HMRC amendment can make compliance easier for freelancers and small businesses.