Reply To: VAT Flat Rate Scheme

Forum Categories GENERAL VAT DISCUSSIONS VAT Flat Rate Scheme Reply To: VAT Flat Rate Scheme

Trevor S

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:–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.