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flat rate claiming vat back Post Review

Flat Rate VAT scheme: claiming back VAT on Capital Assets: Hi folks, I am looking at buying an established we... http://bit.ly/gINPK8

New forum post: Flat Rate VAT scheme: claiming back VAT on Capital Assets http://ow.ly/1aXgDz

A warning to small businesses on the flat rate scheme looking to purchase from @Apple online. @Apple like to provide separate invoices for everything so claiming back VAT is a nightmare. Purchase from @johnlewisretail instead, much better #CustomerService

OBK requires NO UPFRONT COSTS when claiming VAT back for Sole Traders and Limited Companies on the Flat Rate Scheme #OBK Saves the Day

I know that feeling! I just couldn't justify the extra cost vs what they added in terms of utility.If you're considering VAT reg, definitely look at the flat-rate scheme, especially if you've got any big kit purchases planned. Super simple to file and saves a lot.

Sorry to jump in. Flat rate scheme isn’t really so good for freelancers these days as most are ‘low/limited cost traders’ (ie 16.5%). Means you only save £200 per £100k income. Most better off claiming VAT back on everything.

Their use of online transmissions etc already are a shambles. They should fix the current infrastructure before using it further. Literally, 5/6 hours a week goes towards HMRC, and majority of time the errors on their side.

I'm a one-man-band consultant - used to be on Flat Rate and now my accountant says I'm back on standard VAT returns - my only VAT is on postage! If the software costs me more than £50 a year to run it's not worth me claiming back the VAT on my postal costs.

@fcablog @Mike_J_Cox have you not missed out VAT as well?

@BlackRaven999 @fcablog VAT just gets added then passed on to HMRC so no net gain, unless considering flat rate or claiming back