Blog


14

Aug 2014

Flat Rate Scheme

VAT is the most complicated tax that a business has to deal with on a daily basis. Using standard VAT scheme, your VAT liability is the difference between the VAT you charge on your sales and the VAT you incur on your purchases. If your business predominantly sells to other VAT-registered businesses and the amount of VAT you recover on your purchases is fairly low,…

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Tax Concept