Topic: Incorrect Flat-Rate Percentage
I'm new to this forum, so i may be asking a question that's been asked before.
I had a VAT inspection yesterday, all went well, except for one thing.
They informed me that I had been on the wrong flat rate for 4 years.
I am a carpenter, I work in the TV and film industry, so, that is the rate I had been put on. 13%.
They say i should have been on the rate for "Labour only or Construction services" rate, which is 14.5%
I've been looking through the HMRC website and can't find any clarification on why a Scenic Carpenter should not be on the TV and film rate.
Can anyone direct me to somewhere i can find out please.