VAT flat rate scheme tool

Description

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XLSM (484.12K)

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When opening the file if you receive a warning that macros are "blocked", read the "Macro security" file that can be downloaded here

HMRC offers a simplified scheme for small businesses to work out and account for VAT. This can offer a financial and administrative advantage.

Benefits of the tool

The VAT Flat Rate Scheme Tool calculates the VAT payable using the scheme and the standard method and produces a report showing which is most financially beneficial. With one click it will modify the calculation to account for the VAT discounted rate that applies in the first year of registration.    

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