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Changes to the VAT flat rate scheme for limited cost traders

10 March 2017

From 1 April 2017 a new VAT flat rate of 16.5% is to be introduced for limited cost traders.  It will replace all the existing rates in any case where the value of VAT-inclusive spend on purchase of goods by a business is either less than 2% of your VAT-inclusive turnover (or, if more than 2% of ....

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Author: Chris

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Tags: vat  vat flat rate  vat flat rate changes 2017