Are you paying “Flat Rate Scheme (FRS)” VAT? All is changing April 2017 and you need to review – or it may cost you!

2nd February 2017

On 1st April 2017, HMRC introduces the 16.5% rate for limited cost traders.

If you are one of the many small businesses paying a rate of VAT on the FRS scheme which is lower than 16.5% - this may not be good news.

To find out what the best course of action is for you – we just need to complete a few calculations.  If you are one of our existing clients, this is relatively simple.  If you are not a current client, we may need a little more information.

To arrange for your fixed fee, 30 minute consultation, contact partner Michael Greene or your usual Whittle contact on  01206 762200.