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Understanding the Flat Rate Scheme for VAT in the UK

Flat Rate Scheme

Introduction: The Value Added Tax (VAT) system can sometimes be complex and time-consuming for small businesses. However, the UK government offers a simplified option called the Flat Rate Scheme (FRS) for VAT. In this article, we will delve into the details of the Flat Rate Scheme, its benefits, and how it works for eligible businesses … Read more