Limited cost business - VAT flat rate scheme

[Terminator X]

Were you chaps aware of this? Only found out today from accountant, seen no publicity at all from HMRC.

https://www.gov.uk/government/publications/tacklin...

TX.

Edit "At Autumn Statement on 23 November 2016, the Chancellor of the Exchequer announced the introduction of a new 16.5% VAT flat rate for businesses with limited costs. This will take effect from 1 April 2017."

Edited by Terminator X on Friday 24th March 19:26

[0000]

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[buggalugs]

I got a letter about it the other day. Been pondering switching for a while, think this'll make the decision for me!