Category: Taxation

29 May

VAT flat rate scheme: revised HMRC guidance

An update to VAT Notice 733 ‘Flat rate scheme for small businesses’ was issued on 4 May 2016. According to HMRC the purpose of this was to ‘make the notice more suitable for publication on GOV.UK’. The update includes some minor amendments to various paragraphs. However, there are also three specific changes which will be […]