Share this content

How often can you change VAT scheme in a year?

How often can you change VAT scheme in a year?

Didn't find your answer?

We prepared an annual VAT return to 30/9/13 for our client on the Flat Rate basis, and the client advised us to change to standard rate thereafter. We prepared the quarterly return to 31/12/13 on the standard basis, and now they have decided that they want to go back to flat rate, and return to standard rate when they commence a new contract outside the scope of VAT (which was supposed to commence in the quarter ended 31/12/13 hence the original instruction to change to standard rate).  Is it acceptable to swap between schemes in this way?

Replies (2)

Please login or register to join the discussion.

By JCresswellTax
23rd Apr 2014 14:02

I believe

You have to stay off the flat rate scheme for 1 year before you can rejoin.

Thanks (0)
By stepurhan
23rd Apr 2014 14:24


You cannot rejoin within 12 months of leaving.

If they do rejoin after 12 months, they also need to remember that the 1% first year discount only applies to entirely new schemes, not just ones that have joined flat rate.

Thanks (0)
Share this content

Related posts