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Many actors, TV workers and creatives use the VAT Flat Rate scheme; however this is changing from 1 April 2017. What is the flat rate scheme? Under the VAT flat rate scheme, a business continues to charge VAT on its taxable supplies but, instead of paying over to HMRC the output tax (less input tax) in the … Continue reading “VAT Flat Rate Scheme Changes From 1 April 2017”

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