Glossary ยท Self-billing

VAT Flat Rate Scheme

A simplified VAT scheme where a business pays a fixed percentage of turnover as VAT.

A supplier on the Flat Rate Scheme still charges VAT normally on invoices; the scheme affects how much they pay HMRC, not the self-billed invoice you raise.

General information, not tax advice โ€” confirm your own position with your accountant or HMRC.

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