VAT Flat Rate Changes coming into force from April-2017

VAT Flat Rate Scheme Changes Coming soon. Government has announced Flat rate VAT changes for Service industry which will come into effect from April-2017. If company does not spend on goods minimum £1000 if company’s Sales/turnover is up to £50,000 or 2% of the sales above £50,000, then company should use 16.5% flat rate for […]