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Flat Rate VAT and Interest on DLA

Hi all

I'm aware the rules changed last year so now there is no requirement to include Bank Interest when calculating VAT for returns under the flat rate scheme.

Can anyone advise the position applying to Interest paid by a Director on an overdrawn loan account during the year?

Thanks

Mike

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By mikeguk
23rd Nov 2012 13:21

*bump

Can anyone confirm this?

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