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  • VAT Memo - Particular activities - Farming - Agricultural flat rate scheme - 5970
    Under this scheme (which covers a wide range of activities), the farmer is not registered for VAT, and so has no obligation to account for VAT or submit returns. Instead, a flat rate addition or levy is charged to VAT-registered customers, and this is kept by the farmer as extra income (to compensate for the non-recovery of input tax suffered). The levy is therefore effectively a subsidy, which the customer recovers from HMRC as if it were input tax.
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