top of page

VAT Flat Rate Scheme - Full Breakdown

Being VAT registered can feel overwhelming, especially if you're running a small business. But what if there was a way to simplify it all? Enter the Flat Rate Scheme (FRS). Designed for businesses with a turnover of £150,000 or less (excluding VAT), the FRS is meant to make VAT accounting simpler by applying a fixed percentage to your gross sales. Sounds good, right? But here’s the catch: if not handled correctly, the scheme could cost you money instead of saving it.


Hit play now to simplify your VAT accounting and stay one step ahead in your business.



Comments


bottom of page