VAT – FRS or Cash Accounting?

They’re not mutually exclusive. You can operate the FRS on a cash basis or an accrual basis.

Posted under VAT

Posted by Alec at 6:07 pm, March 13, 2008

1 Comment so far

  1. Alec added on  March 19th, 2008 at 08:25

    I didn’t mention it at the time but I noticed a couple of people contributing to one of the fuel price moan threads that I know aren’t VAT registered. WHY?

    YOU WILL SAVE 14.89% ON ALL YOUR COSTS (EXCEPT INSURANCE) JUST BY REGISTERING FOR VAT.

    Or if you want less paperwork register under the Flat Rate Scheme and add a minimum of 6.92% of your turnover onto your bottom line profit.

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