Tax Calculators & Tools

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Topic: VAT

VAT flat rate scheme tool
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VAT flat rate scheme tool

VAT flat rate scheme tool

HMRC offers a simplified scheme for small businesses to work out and account for VAT.  This can offer a financial and administrative advantage.

Benefits of the tool

The VAT Flat Rate Scheme Tool calculates the VAT payable using the scheme and the standard method and produces a report showing which is most financially beneficial. With one click it will modify the calculation to account for the VAT discounted rate that applies in the first year of registration.  


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