Reduced VAT for Contractors

 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?

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Flat rate scheme?

Euan MacLennan |
Euan MacLennan's picture

That must be it

sebo |

Oops!

neileg |