Changes to the Flat Rate VAT Scheme are coming on 1 April 2017 and for some Limited Company contractors, it’s confusing as to whether they’d be better off staying on the scheme or leaving. That’s why our team of expert Personal Accountants have created this essential guide to explain exactly what’s changing, how you might be affected, and what your options are.
In our ebrief we cover:
- What the Flat Rate Scheme (FRS) is
- Changes to the FRS
- What is a Limited Cost Trader (LCT)?
- How much becoming an LCT could cost you
- VAT Return periods Relevant Goods
- Your options
Don’t be left in the dark come 1 April 2017, download our free ebrief today to ensure you make the right decision for you.