HOME TAXES OUR SERVICES YOUR OPTIONS KNOWLEDGE CENTRE NEWS CONTACT
4.1 Tax Questions
I The Flat Rate Scheme of accounting for VAT can save IT consultants money
"Why do you bury VAT inspectors 12 foot down instead of six foot? Because deep down they're really quite nice."

VAT to be paid each quarter is calculated by the following method: -


You calculate gross sales, including VAT and then apply the flat rate percentage to that figure and this is the amount you have to pay to HMC&E.


The only claim input VAT you can claim is on single items of capital expenditure costing £2,000 including VAT


We help our clients if they have any queries about Vat matters
nextnext
ABOUT US SITE MAP CALCULATOR LINKS PRIVATE
Copyright © 2008 Grants Scotland Limited. All rights reserved. Terms and Conditions and Privacy Policy