Choosing the Right VAT Scheme for Your Business

Choosing the Right VAT Scheme for Your Business

There are a number of ways to account for VAT. While standard VAT accounting is used by many firms, small business owners may wish to consider the alternative schemes that are available. Choosing the most suitable option could save you a considerable amount of time...
Autumn Business Newsletter

Autumn Business Newsletter

Our latest newsletter is here, packed with information on estate planning, VAT schemes, capital allowances and much more! To view our latest newsletters, visit the publications section of our website. Please note: This article is a commentary on general principles and...
Concerns for small businesses using the VAT flat rate scheme

Concerns for small businesses using the VAT flat rate scheme

From 1 April 2017 HMRC are changing the rules for using the VAT Flat Rate Scheme (FRS).  In an attempt to wipe out what HMRC has seen as abuse of the flat rate scheme, businesses will now need to determine whether they fall into a “limited cost trader” category, by...
Changes to the VAT Flat Rate Scheme

Changes to the VAT Flat Rate Scheme

As announced in the Autumn Statement, there are significant changes ahead for companies using the Flat Rate Scheme (FRS) for VAT. The FRS will continue to run, however many businesses will find it is no longer economical to use. Under the FRS, a business ignores VAT...