This site uses cookies to improve your browsing experience and analyse use of our website. By clicking ‘I accept’ you agree and consent to our use of cookies. You can find out more about our cookies here. Find out more

trader

Protect your home

A government think-tank, the Office for Tax Simplification (OTS), was briefed to consider a non-tax issue, a restricted form of limited liability for sole traders.

Protect your home

A government think-tank, the Office for Tax Simplification (OTS), was briefed to consider a non-tax issue, a restricted form of limited liability for sole traders.

VAT Flat Rate Scheme Changes

April 2017 sees changes to the VAT flat rate scheme, which may have a detrimental impact on certain small businesses.

VAT Flat Rate Scheme Changes

April 2017 sees changes to the VAT flat rate scheme, which may have a detrimental impact on certain small businesses.

Are you affected by changes to the VAT flat rate scheme (FRS)?

HMRC is to introduce an additional test that will determine the flat rate percentage used by traders. It would seem that HMRC presently considers the benefits obtained by certain businesses to be excessive and not in accord with the intentions of Parliament.

Are you affected by changes to the VAT flat rate scheme (FRS)?

HMRC is to introduce an additional test that will determine the flat rate percentage used by traders. It would seem that HMRC presently considers the benefits obtained by certain businesses to be excessive and not in accord with the intentions of Parliament.