Agricultural Flat Rate Scheme – Do You Qualify?

Agricultural Flat Rate Scheme – Do You Qualify?

Advice, HMRC, VAT

Farmers may be eligible to apply for the Agricultural Flat Rate Scheme, as an alternative to voluntarily registering for VAT. Joining the scheme means that you can add a 4% Flat Rate Addition (FRA) to Vat-registered customers when supplying any of the qualifying goods...
Ejected Farmers Could Be Entitled To Compensation

Ejected Farmers Could Be Entitled To Compensation

News, VAT

Farmers who HMRC have ejected from the Agricultural Flat-Rate Scheme (AFRS) may be entitled to a repayment or compensation. An opinion from the advocate general to the European Court of Justice has led to the belief that many who feel they have been unfairly removed...