The flat rate scheme for VAT continues to cause problems for accountants and advisers, according to VAT experts.
Flat rate VAT
An individual registered on the flat rate VAT scheme transfers the business as a going concern to a new ltd company.
I have a VAT registered client who wants to become Ltd - currently a sole trader.
I have a client who currently enjoys the ease and simplicity of flat rate vat.
However is soon to exceed the limit .Is there any way that this scheme can continue to be used .
A small business client applied for VAT and the flat rate scheme successfully after incorporation.
I have been with my current accountant since my limited company was established over 10 years ago and have only met him a couple of times, so it has been very much an email/phone relationship.