VAT flat rate scheme

VAT flat rate scheme

Didn't find your answer?

Has anyone had experience of Customs accepting a flat rate scheme application from a director who charges his own company rent for using the business premises he owns personally?

Nicola Edmondson

Replies (2)

Please login or register to join the discussion.

avatar
By carnmores
05th Aug 2005 18:50

whats the question
who is registered for VAT, rent is exempt (mainly). you still charge VAT normally

Thanks (0)
avatar
By oyezstraker
15th Aug 2005 19:31

Flat rate VAT
Thanks for your comment - sorry for the delay. My point was that if you can regsiter for the flat rate scheme you can charge the company 17.5% but only pay 12% to Customs. If you have no input VAT - becasue the company pays the expenses - then you get to keep the 5.5%. Seems good?

Thanks (0)