Reply To: Limited Cost Trader Flat Rate Scheme

[vatconsultant]

Please read VAT notice 733 para 4.6 “Relevant goods are goods that are used exclusively for the purposes of your business, but don’t include goods for resale, leasing, letting or hiring out if your main business activity doesn’t ordinarily consist of selling, leasing, letting or hiring out such goods;goods that you intend to re-sell or hire out, unless selling or hiring is your main business activity
goods for disposal such as promotional items, gifts or donations ; etc”