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Switching from the VAT Standard Scheme to the VAT Flat Rate Scheme

Friday 16th January 2015

We have had a number of questions in the last month about the process involved in joining the VAT Flat Rate Scheme if you are currently on the Standard Scheme.

It is a very straight forwards process - simply let us know that you wish to do this, we will fill out the relevant HMRC forms and email them to you for signing, you simply print, sign and post to HMRC. It takes a couple of weeks but HMRC will write back to you with details confirming you are now on the Flat Rate Scheme.

We will then update your 123Books to show the change and you simply carry on freelance contracting as normal.

Really quite simple.

If you would like to know more please email Christopher on chris@123contracting.co.uk

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