Do you use the VAT Flat Rate Scheme? If so you must read this!

We are now facing the changes to the VAT Flat Rate Scheme announced back in November 2016 by the Chancellor. From 1st April 2017 you need to decide whether to continue using the Flat Rate Scheme, adopt the standard 20% rate (understanding that you will need to keep proper VAT records) or de-register for VAT completely if your turnover is below £83,000. Read more...