Does the VAT Flat Rate Scheme apply to Not for Profit Community Interest Companies (CIC's)
I have a potential client who is a CIC and nearing the £85k VAT threshold. My question is should they register on the Flat Rate Scheme? Or just normal VAT?
I'm thinking surely FRS would not apply to a not for profit as surely the rate should be 0%? In any event, I've looked on HMRC's website and can't see a percentage rate for anything like a CIC, not even for a charity.
Can anyone help?