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Daily Archives: March 3, 2018

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VAT flat rate scheme: End of the line for limited cost traders

articlesBy Nathan HolmesMarch 3, 2018

Changes to VAT Flat Rate Scheme for business who do not purchase goods HMRC are making an alteration to the VAT flat rate scheme (FRS) categories to include a new ‘limited cost trader’. Businesses that fall within this category will be required to use a new FRS percentage of 16.5% from 1st April 2017. HMRC…

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