Please be aware that the HMRC Task Force focusing on the Flat Rate Scheme is still in operation. When auditing use of the scheme HMRC take the approach of reviewing extensive information including contracts, work scopes and even CV’s in support of the VAT Return figures declared.
If you have not already done so, we recommend ensuring compliance with the guidance HMRC Notice 733 (April 2014) and that your chosen sector accurately reflects the services provided.
If you have any queries on this or any VAT related query then please contact our VAT Manager, Jennifer Martin, who will be pleased to assist.
What Legal Issues Might Contractors Face?
From tax investigations to client disputes and defamation
Does Length Of Contract Impact Your IR35 Status?
Should contractors be wary about working for a client over a long period of time?
What Do Our Contractor Accountancy Packages Include?
All your accountancy needs and more, for one fixed fee.