Directory results

 
Result 1 of 2 results
  • Documents - Letter withdrawing from flat rate scheme
    Letter withdrawing from flat rate schemeIf you use the flat rate scheme (FRS), you can leave it voluntarily at any time by writing a simple letter to HMRC.FRSIf you operate the FRS, you are free to leave it and change to standard VAT reporting at any time. You might do this if your input tax has increased, meaning the FRS leaves you worse off, or you signed up to the scheme to enjoy VAT savings but the limited cost trader category introduced in 2017 has curtailed them. LeavingTo leave the scheme you simply need...
    Click here
  • Documents - Flat rate scheme cover letter
    Flat rate scheme cover letterIf your business is VAT registered, you could be eligible to use the flat rate scheme (FRS) to simplify your accounting. Use our letter to accompany your claim.VAT reportingThe amount of VAT your business normally must account for to HMRC is the difference between the VAT it charges on its taxable supplies and the VAT it incurs on its purchases.This means that detailed records of both supplies and purchases you make must be kept. In particular, in order to recover VAT on purchases...
    Click here
 
Result 1 of 2 results