Reduced VAT for Contractors

Posted by sebo PM | on Thu, 24/03/2011 - 10:21 915 3 comments | report

I have been approached by an IT contractor who told me that his colleagues say that with a limited company under IR35 he can reduce the amount of VAT he has to pay over to HMRC by 2%. Does anyone know what he is talking about?

Comments

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Flat rate scheme?

Euan MacLennan | Thu, 24/03/2011 - 10:48

That must be it

sebo | Thu, 24/03/2011 - 11:14

Oops!

neileg | Thu, 24/03/2011 - 11:47