7 articles tagged with Flat Rate Scheme.
The VAT registration threshold is £90,000 in 2026/27. Here's when registration becomes compulsory, when voluntary registration makes sense, and whether the Flat Rate Scheme saves or costs you money.
If your business spends very little on goods, the VAT Flat Rate Scheme forces you onto a 16.5% rate regardless of your trade sector — often wiping out the scheme's benefit entirely. Here's the exact test.
How the VAT Flat Rate Scheme works in 2026/27, why the 16.5% limited cost trader rate catches many service businesses, and when the scheme still saves money.
A practical guide to the VAT Flat Rate Scheme in 2026/27 -- how it works, sector rates, the Limited Cost Trader 16.5% trap, the 1% first-year discount and a worked example for an IT contractor.
How the VAT Flat Rate Scheme works in 2026/27, why the limited cost trader 16.5% rate wipes out the saving, and how to decide if it still pays.
Service businesses on the VAT Flat Rate Scheme may be 'limited cost traders' paying 16.5% -- leaving almost no benefit. Learn which businesses are affected and better alternatives.
Businesses must register for VAT when their rolling 12-month turnover exceeds GBP 90,000. The deregistration threshold is GBP 88,000. This guide explains mandatory and voluntary VAT registration, the flat rate scheme, and the cash accounting scheme for 2026.