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VAT Flat Rate Scheme

What is it? The default HMRC VAT schemes requires to declare and pay the full amount of VAT charged on sales/invoices to HMRC. The Flat Rate Scheme (FRS) for VAT lets you reclaim some of that money. How does it work Under the Flat Rate Scheme (FRS) for VAT, you…

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VAT MOSS Reports In order to submit your single VAT MOSS return, you will first need to run a VAT MOSS report within KashFlow. In order to generate this, click on Reports in your navigation bar and under General Reports, select VAT MOSS Reports. Create New Select the option to…

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VAT on digital services and MOSS

From the 1st of January 2015 the EU are introducing new legislation on VAT. The sale of digital services, to customers within the EU, will require VAT be charged at the rate of that consumers country. What are digital services? Digital services refers to broadcasting, telecoms and e-services. Broadcasting –…

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