How much will you pay under the flat rate scheme.

Flat rate applicable to your trade%

 If unsure, categories are shown here

Last years turnover(excluding vat)£

VAT @20%£

Gross Turnover£

Vat reclaimed on Capital Expenditure over £2000£

VAT payable under the flat rate scheme£

How much VAT do you pay under the present system.

VAT as above£

Add: VAT on fuel scale charges for a year£

Less: Vat reclaimed on all inputs in the last year£

VAT payable under the present system£

DIFFERENCE BETWEEN THE TWO SCHEMES£

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