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Major changes to the VAT Flat Rate Scheme

If you currently charge 20% VAT on your sales to customers but pay a much lower VAT rate as a percentage of your Gross sales (between 12-14%)  please read on! From the 1st April 2017, the Flat Rate VAT Scheme is changing.  HMRC is introducing a new 16.5% rate which is likely to be less…Read More

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