VAT Flat Rate Scheme Calculator

Flat rate applicable to your trade (%)

Last year's turnover (excluding VAT) (£)

VAT at 20% (£)

Gross turnover (£)

VAT reclaimed on Capital Expenditure over £2000 (£)

VAT payable under the flat rate scheme (£)

VAT as above (£)

VAT on fuel scale charges for a year (£)

VAT reclaimed on all inputs in the last year (£)

VAT payable under the present system (£)

Difference between the two schemes (£)