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.
Related Topics
-
Electronic VAT return
-
MTD glitch risks confusion over 2025/26 payments on account
Some taxpayers testing Making Tax Digital for Income Tax (MTD IT) are seeing confusing and incomplete payment information because their data is split between HMRC’s digital and self assessment systems. What’s happened?
-
Employment Intermediaries return
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.