November, 2016

VAT Scheme

What is the Flat Rate VAT Scheme?

The flat rate scheme is designed for small businesses with annual taxable turnover that doesn’t exceed £150,000 and whose annual total turnover (including income on which no VAT is paid)…

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Vehicles and VAT

VAT Registered Businesses are not usually permitted to reclaim the VAT when they purchase a car, however they can reclaim the VAT if: – The car will be used exclusively for business purposes…

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