Neil Warren is back again with more background on the flat rate scheme. Members have asked about overseas supplies and the flat rate scheme, so Neil has set out the details for us.
The third and final instalment of my flat rate scheme (FRS) review for AccountingWeb considers two very important issues for all practitioners:
- How do you deal with transactions involving international trade both goods and services?
- Can you backdate a clients application to join the FRS, which would be a great outcome if it gives him a big tax rebate
Acquisition of goods from another EU country
Over the last few weeks, I have considered a number of technical issues that have probably left you th...