Flat Rate Scheme Versus Standard Scheme: Which VAT Option is Right for Your Business?
Introduction Navigating VAT (Value Added Tax) obligations can be complex for businesses, especially when choosing between different VAT schemes. Two popular options available to UK businesses are the Flat Rate Scheme (FRS) and the Standard VAT Scheme. Both have their advantages and drawbacks, and the best choice depends on your business type, turnover, and how […]