VAT Receipts

With many Freelancers switching to the cash accounting VAT scheme following updates to the flat rate scheme in April 2017, it’s a good idea to check the purchase receipts you collect are valid [...]

Flat Rate VAT Explained

Under the Flat Rate VAT Scheme, the VAT process is simplified to help ease the administration of accounting for VAT for small businesses. The VAT payable to HMRC is based on a percentage specific [...]