VAT FLAT RATE SCHEME EXPLAINED (BASICS)! 

Wondering if you could save money by using the VAT Flat Rate Scheme?
In this video Dan runs through the basics of how it works and why it might (or might not!) be good for your business.
Topics include:
How the VAT flat rate scheme works
Flat Rate percentages
Why the flat rate scheme might be good for your business
Why the flat rate scheme might not be good for your business
Eligibility for flat rate scheme
Book-keeping on the flat rate scheme
Is the VAT flat rate scheme cheaper than standard VAT
Can you still reclaim VAT on assets under the flat rate scheme
..... and more!
HMRC List of flat rate percentages: www.gov.uk/vat...
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Author: Dan Heelan of Heelan Associates
#accounting #tax #bookkeeping