vat flat rate scheme

Infographic explaining the VAT Flat Rate Scheme with sections on introduction, how it works, key changes, and getting help, including Trueman Brown contact details.

This infographic outlines the VAT Flat Rate Scheme in the UK. It explains the scheme’s purpose of simplifying VAT accounting, shows how businesses pay a fixed percentage of VAT-inclusive turnover, and highlights key changes such as postponed import VAT rules, the higher rate for limited cost businesses, and Making Tax Digital compliance. The final section provides Trueman Brown’s contact details for professional VAT support.