Tag: Tax

by David Fotheringham - 4 years ago

VAT: Optional flat rate scheme

by Updated: Apr 2, 2014 Published: Apr 1, 2014 VAT is something that most people find more than a little confusing.  The optional flat rate scheme allows businesses with up to £150,000 turnover to make a flat-rate calculation for VAT payments based...

by David Fotheringham - 6 years ago

How to register for VAT

As discussed in part one of this guide, when do you need to register for VAT, all businesses with VAT taxable turnover (so everything you sell that isn’t exempt from VAT) of £85,000 or more need to register for VAT. Cost of VAT registration There is...