VAT Returns, Flat Rate Scheme

Comments

1. Godfrey says

   November 23, 2016 at 10:19 am

   thanks for the lectures

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2. Roisin says

   November 24, 2014 at 3:19 pm

   Dear Tutor,
   In the case of Primrose, 40.000 sales are already inclusive of 20% VAT. In order to calcuculate the flat rate, of 11%, it is based on the figure which is already includes 20% VAT, and not the figure of 40000 excluding VAT (33.333)?
   Thank you

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   • Martina says

     May 17, 2015 at 11:15 am

     Can you explain in further details your question?
     Flat rate is applied to VAT inclusive figures.

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