Just waiting for the flood of phone calls. I sent letters out yesterday to my VAT registered contractor and subcontractor clients about the new Domestic Reverse Charge arrangements ...... doubtless there'll be a fair number of Whisky Tango Foxtrot calls in the next couple of days. Maybe I should've sent them out over a couple of weeks.
Anyway - has anyone deciphered what counts as turnover for the Flat Rate Scheme? If the work done is, say. £1000, do we apply the percentage to £1000 or £1200?