{"id":2292,"date":"2016-12-02T14:48:20","date_gmt":"2016-12-02T14:48:20","guid":{"rendered":"https:\/\/www.ewsllp.co.uk\/?p=2292"},"modified":"2019-01-09T14:49:56","modified_gmt":"2019-01-09T14:49:56","slug":"flat-rate-vat-chat","status":"publish","type":"post","link":"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/","title":{"rendered":"Flat Rate VAT Chat"},"content":{"rendered":"<p>A number of businesses use the VAT Flat Rate Scheme (\u2018FRS\u2019) because it is designed to simplify record keeping and make it easier to work out the VAT due. The Autumn Statement is proposing changes however which might have an impact on those businesses that provide services, spending very little on raw materials.<\/p>\n<p>Normally a business will pay over to HMRC VAT on outputs (sales) after deducting VAT on inputs (purchases). The FRS reduces this to one step by setting a fixed rate on all sales \u2013 the HMRC website has a list of percentage rates for differing types of business. The Government is concerned however that some businesses, termed \u2018limited cost traders\u2019, who use FRS, are paying less VAT than is appropriate.<\/p>\n<p>A limited cost trader is one which typically spends less than 2% of its sales on raw materials, so while FRS is an approximation this can mean some businesses pay more VAT than others.<\/p>\n<p>In simple terms, from 01 April 2017, the rate for limited cost traders will increase to 16.5% which is likely to have an impact on service-based businesses like hairdressers, accountants, providers of labour, IT contractors, and more\u2026 This is likely to mean that small businesses will pay more VAT to remain within the scheme.<\/p>\n<p>If you feel the changes might have an effect on your business please feel free to <a href=\"https:\/\/www.ewsllp.co.uk\/contact-us\/\">contact us<\/a> for a no-obligation consultation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A number of businesses use the VAT Flat Rate Scheme (\u2018FRS\u2019) because it is designed to simplify record keeping and make it easier to work out the VAT due. The Autumn Statement is proposing changes however which might have an impact on those businesses that provide services, spending very little on raw materials. Normally a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[11],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Flat Rate VAT Chat - Elwell Watchorn Saxton EWS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flat Rate VAT Chat - Elwell Watchorn Saxton EWS\" \/>\n<meta property=\"og:description\" content=\"A number of businesses use the VAT Flat Rate Scheme (\u2018FRS\u2019) because it is designed to simplify record keeping and make it easier to work out the VAT due. The Autumn Statement is proposing changes however which might have an impact on those businesses that provide services, spending very little on raw materials. Normally a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/\" \/>\n<meta property=\"og:site_name\" content=\"Elwell Watchorn Saxton EWS\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-02T14:48:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-09T14:49:56+00:00\" \/>\n<meta name=\"author\" content=\"Martin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Martin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/\"},\"author\":{\"name\":\"Martin\",\"@id\":\"https:\/\/www.ewsllp.co.uk\/#\/schema\/person\/5c9cf610b3187ae3e3b8797010f7c8b9\"},\"headline\":\"Flat Rate VAT Chat\",\"datePublished\":\"2016-12-02T14:48:20+00:00\",\"dateModified\":\"2019-01-09T14:49:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/\"},\"wordCount\":232,\"publisher\":{\"@id\":\"https:\/\/www.ewsllp.co.uk\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/\",\"url\":\"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/\",\"name\":\"Flat Rate VAT Chat - Elwell Watchorn Saxton EWS\",\"isPartOf\":{\"@id\":\"https:\/\/www.ewsllp.co.uk\/#website\"},\"datePublished\":\"2016-12-02T14:48:20+00:00\",\"dateModified\":\"2019-01-09T14:49:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ewsllp.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Flat Rate VAT Chat\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ewsllp.co.uk\/#website\",\"url\":\"https:\/\/www.ewsllp.co.uk\/\",\"name\":\"Elwell Watchorn Saxton EWS\",\"description\":\"Collaborative Business Recovery\",\"publisher\":{\"@id\":\"https:\/\/www.ewsllp.co.uk\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ewsllp.co.uk\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ewsllp.co.uk\/#organization\",\"name\":\"Elwell Watchorn Saxton EWS\",\"url\":\"https:\/\/www.ewsllp.co.uk\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.ewsllp.co.uk\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ewsllp.co.uk\/wp-content\/uploads\/2019\/01\/logo.jpg\",\"contentUrl\":\"https:\/\/www.ewsllp.co.uk\/wp-content\/uploads\/2019\/01\/logo.jpg\",\"width\":311,\"height\":118,\"caption\":\"Elwell Watchorn Saxton EWS\"},\"image\":{\"@id\":\"https:\/\/www.ewsllp.co.uk\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ewsllp.co.uk\/#\/schema\/person\/5c9cf610b3187ae3e3b8797010f7c8b9\",\"name\":\"Martin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.ewsllp.co.uk\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d4bd1a4ce3118a465d7cf6240f89ec70?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d4bd1a4ce3118a465d7cf6240f89ec70?s=96&d=mm&r=g\",\"caption\":\"Martin\"},\"url\":\"https:\/\/www.ewsllp.co.uk\/author\/Martin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Flat Rate VAT Chat - Elwell Watchorn Saxton EWS","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/","og_locale":"en_GB","og_type":"article","og_title":"Flat Rate VAT Chat - Elwell Watchorn Saxton EWS","og_description":"A number of businesses use the VAT Flat Rate Scheme (\u2018FRS\u2019) because it is designed to simplify record keeping and make it easier to work out the VAT due. The Autumn Statement is proposing changes however which might have an impact on those businesses that provide services, spending very little on raw materials. Normally a [&hellip;]","og_url":"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/","og_site_name":"Elwell Watchorn Saxton EWS","article_published_time":"2016-12-02T14:48:20+00:00","article_modified_time":"2019-01-09T14:49:56+00:00","author":"Martin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Martin","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/#article","isPartOf":{"@id":"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/"},"author":{"name":"Martin","@id":"https:\/\/www.ewsllp.co.uk\/#\/schema\/person\/5c9cf610b3187ae3e3b8797010f7c8b9"},"headline":"Flat Rate VAT Chat","datePublished":"2016-12-02T14:48:20+00:00","dateModified":"2019-01-09T14:49:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/"},"wordCount":232,"publisher":{"@id":"https:\/\/www.ewsllp.co.uk\/#organization"},"articleSection":["News"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/","url":"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/","name":"Flat Rate VAT Chat - Elwell Watchorn Saxton EWS","isPartOf":{"@id":"https:\/\/www.ewsllp.co.uk\/#website"},"datePublished":"2016-12-02T14:48:20+00:00","dateModified":"2019-01-09T14:49:56+00:00","breadcrumb":{"@id":"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.ewsllp.co.uk\/news\/flat-rate-vat-chat\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ewsllp.co.uk\/"},{"@type":"ListItem","position":2,"name":"Flat Rate VAT Chat"}]},{"@type":"WebSite","@id":"https:\/\/www.ewsllp.co.uk\/#website","url":"https:\/\/www.ewsllp.co.uk\/","name":"Elwell Watchorn Saxton EWS","description":"Collaborative Business Recovery","publisher":{"@id":"https:\/\/www.ewsllp.co.uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ewsllp.co.uk\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.ewsllp.co.uk\/#organization","name":"Elwell Watchorn Saxton EWS","url":"https:\/\/www.ewsllp.co.uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.ewsllp.co.uk\/#\/schema\/logo\/image\/","url":"https:\/\/www.ewsllp.co.uk\/wp-content\/uploads\/2019\/01\/logo.jpg","contentUrl":"https:\/\/www.ewsllp.co.uk\/wp-content\/uploads\/2019\/01\/logo.jpg","width":311,"height":118,"caption":"Elwell Watchorn Saxton EWS"},"image":{"@id":"https:\/\/www.ewsllp.co.uk\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.ewsllp.co.uk\/#\/schema\/person\/5c9cf610b3187ae3e3b8797010f7c8b9","name":"Martin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.ewsllp.co.uk\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d4bd1a4ce3118a465d7cf6240f89ec70?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d4bd1a4ce3118a465d7cf6240f89ec70?s=96&d=mm&r=g","caption":"Martin"},"url":"https:\/\/www.ewsllp.co.uk\/author\/Martin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ewsllp.co.uk\/wp-json\/wp\/v2\/posts\/2292"}],"collection":[{"href":"https:\/\/www.ewsllp.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ewsllp.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ewsllp.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ewsllp.co.uk\/wp-json\/wp\/v2\/comments?post=2292"}],"version-history":[{"count":1,"href":"https:\/\/www.ewsllp.co.uk\/wp-json\/wp\/v2\/posts\/2292\/revisions"}],"predecessor-version":[{"id":2293,"href":"https:\/\/www.ewsllp.co.uk\/wp-json\/wp\/v2\/posts\/2292\/revisions\/2293"}],"wp:attachment":[{"href":"https:\/\/www.ewsllp.co.uk\/wp-json\/wp\/v2\/media?parent=2292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ewsllp.co.uk\/wp-json\/wp\/v2\/categories?post=2292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ewsllp.co.uk\/wp-json\/wp\/v2\/tags?post=2292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}