VAT flat rate scheme calculator
Compare the flat rate scheme against standard VAT to see which saves you money
Your VAT figures (annual)
Flat rate scheme details
This calculator assumes all sales are standard-rated at 20%. It does not account for exempt,
zero-rated, or reduced-rate supplies. The flat rate is applied to gross (VAT-inclusive) turnover.
Under the flat rate scheme you cannot reclaim input VAT except on capital goods over £2,000 (inc. VAT).
The limited cost trader rate of 16.5% applies if your goods purchases are less than 2% of turnover
or less than £1,000 per year. Always seek professional advice.
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Important notice
These calculators are provided for illustrative purposes only and are based on published HMRC rates and thresholds for the relevant tax year. They are designed to give a general indication and should not be relied upon as a substitute for professional advice.
The results do not take into account your full personal or business circumstances, and certain reliefs, exemptions, or complex rules may apply that are not reflected here. Tax legislation is subject to change, and rates or thresholds may be amended by the government at any time.
Alera Accounting & Advisory Limited accepts no liability for any loss or action arising from the use of these calculators. You should always seek tailored professional advice before making financial decisions.
If you'd like to discuss your specific situation, get in touch and we'll be happy to help.