The Flat Rate Scheme (FRS) is a simplified VAT accounting scheme for small businesses, whereby a business applies a single VAT percentage to their VAT inclusive sales and pays that amount over to HMRC.
Source: Larsen Howie
Sponsors:
The Flat Rate Scheme (FRS) is a simplified VAT accounting scheme for small businesses, whereby a business applies a single VAT percentage to their VAT inclusive sales and pays that amount over to HMRC.
Source: Larsen Howie
Sponsors:
