Forum Categories › GENERAL VAT DISCUSSIONS › VAT Flat Rate Scheme › Reply To: VAT Flat Rate Scheme
21 December 2022 at 19:23
#56282
Participant
The link you’ve given is a very high level description of the flat rate scheme – it’s better explained in section 2.7 of the detailed version: https://www.gov.uk/guidance/flat-rate-scheme-for-small-businesses-vat-notice-733–2#basics-of-the-flat-rate-scheme
Effectively, you can’t use the flat rate scheme to calculate VAT on your income if the related expenditure is subject to the reverse charge.