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Bookkeeping, Club, Coach, Latest, News, Tax / 02.02.2017

Some VAT registered clubs and coaches who are on the Flat Rate scheme may see the amount of VAT they pay increase to 16.5% of their turnover when government changes to the flat rate scheme are imposedĀ from 1st April 2017. The changes were announced in the Government's Autumn Statement and were introduced to counter 'misuse' of the scheme, whereby businesses were incorrectly using the wrong flat rate category.