VAT FLAT RATE SCHEME ANALYSER
Choose a Trade
		Accountancy or book-keeping Advertising Agricultural services Any other activity not elsewhere listed Architects, civil and structural engineer or surveyor Boarding or care of animals Business services not elsewhere listed Catering services including restaurants and takeaways Computer and IT consultancy or data processing Computer repair services Dealing in waste or scrap Entertainment or journalism Estate agency or property management 14 Film, radio, television or video production Financial services Forestry or fishing General building or construction services Hairdressing or other beauty treatment services Hiring or renting goods Hotels or accommodation Investigation or security Labour only building or construction (materials less than 10% of turnover) Laundry services Lawyer or legal services Library, archive, museum or other cultural activity Management consultancy Manufacturing fabricated metal products Manufacturing food Manufacturing not elsewhere listed Manufacturing yarn, textiles or clothing Membership organisation Mining or quarrying Packaging Photography Post Offices Postal and courier services removed March 2004 - couriers now in transport Printing Publishing Pubs Real estate activity not elsewhere listed Repairing personal and household goods Repairing vehicles Retailing of food, confectionery, tobacco, newspapers or childrens clothing Retailing that is not elsewhere listed Retailing pharmaceuticals, medical goods, cosmetics or toiletries Retailing vehicles or fuel Secretarial services Social work Sport or recreation Transport or storage, including couriers, freight, removals and taxis Travel agency Veterinary medicine Wholesaling agricultural products Wholesaling food Wholesaling that is not listed elsewhere
	Entertainment or journalism
Is the business in the first 12 months of being VAT registered							Yes No
(Enter Yes if not yet VAT registered)
If Yes, enter number of months left until first anniversary of
registration date.
Enter data into the boxes
Flat Rate % Applicable							10.00%
Turnover in last accounts (exc VAT)
Enter VAT Output tax due on the above sales
If all your sales are standard rated the figure should be							0
However, if you have zero rated or exempt sales, it will be less.
Total turnover including VAT							0
Vat Payable under flat rate Scheme							0
Compare to VAT payable under the conventional method
VAT Output tax on sales (from above)							0
Add: VAT Fuel Scale Charge VAT
Add: VAT due on Capital Goods sold
						Sub Total	0
Less: Vat due on Capital Goods sold (as affects both schemes)							0
						Sub Total    X	0
Enter input VAT on purchases for the period
Deduct: VAT reclaimable on Capital Expenditure
over £2,000 included in above.						Sub Total    Y	0
Net VAT Payable/Repayable                                        X-Y							0
(Excluding Capital Goods)
Difference on using flat rate scheme						Not beneficial by	0