As a contractor or freelancer you’ve probably heard of the Flat Rate VAT Scheme (FRS), but are you aware of what it is and how it affects you?
FRS was introduced to simplify accounting for small businesses and to inevitably make the completion of VAT returns simple to do, and easy to verify. But who uses the VAT Flat Rate Scheme and why? How does it affect you as a contractor and what do you need to be aware of?
Download the full guide: VAT! Could you be paying too much? to understand:
- what the Flat Rate Scheme is all about
- who uses FRS and why
- why FRS could be a burden to you
- what the benefits of using FRS are
Download the guide now.