There is much more to the flat rate VAT service than simply completing your VAT returns and so we do not recommend that clients take care of your own VAT.  Other things to consider include:

- Adjusting your bookkeeping spreadsheet to account for VAT
- Calculation of the VAT liability to include in the year end accounts
- Adjusting the turnover figure for the VAT in the year end accounts
- Dealing with the 1% discount applied to the flat rate VAT scheme
- Switching to the standard VAT system if the flat rate threshold is reached
- Claiming VAT for allowable capital items
- Future VAT de-registration


For more inforation about VAT including a worked example illustrating potential gains, and a link to sig up, please click here.