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  • Application To Join The Flat Rate Scheme - Hm Revenue & Customs - Hmrc Gov

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Application to join the Flat Rate Scheme Use this form if you wish to apply to join the Flat Rate Scheme. For more information on the Flat Rate Scheme please refer to Notice 733 Flat Rate Scheme for.

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You can apply at the time you register your business for VAT, or any time later. If you apply near the time of your VAT registration, you can start using the scheme from the date you are registered for VAT.

Using the Flat Rate Scheme can save you time and smooth your cash flow. It offers these benefits: You don't have to record the VAT that you charge on every sale and purchase, as you do with standard VAT accounting. This can mean you spending less time on the books, and more time on your business.

With the VAT Flat Rate Scheme, your business pays a fixed rate of VAT to HMRC and can keep the difference between what you charge your customers and what you pay to HMRC. You can't reclaim VAT on your purchases, however, except for certain capital assets costing more than £2,000.

To join the scheme your VAT turnover must be £150,000 or less (excluding VAT), and you must apply to HMRC. Talk to an accountant or tax adviser if you want advice on whether the Flat Rate Scheme is right for you.

You must wait 12 months before you can rejoin the scheme.

To join the VAT Flat Rate Scheme, your business must: Be VAT registered. Have a predicted annual turnover of under £150,000 (excluding VAT).

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232