.png)
.png)
Final curtain
KEY POINTS
- The new limited trader category of the flat rate scheme comes into force on 1 April 2017.
- Timing of invoices to ensure optimum VAT is paid on leaving the flat rate scheme.
- Treatment of assets and stock when deregistering.
- Scope to claim bad debt relief using form VAT 427.
I did something five times last week that I had only done about three times in the previous 20 years. No not carrying out rigorous exercise or buying a round of drinks for friends but deregistering five clients for VAT purposes. Readers who have read Mike Thexton’s and my articles in Taxation (‘That simple tax’ 2 March 2017 page 10 ‘Flat rate dilemma’ 12 January 2017 page 11 and ‘Get on with the game!’ 8 December...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
