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HMRC internal manual

VAT Flat Rate Scheme

Policy and Background: Common areas of uncertainty regarding the scheme

  1. FRS3300 explains whether a business (including liable no longer liable cases) can join the scheme retrospectively.
  2. FRS4100 explains whether a business can leave the scheme retrospectively.
  3. FRS6200 explains the definition of an associated business.
  4. FRS6500 explains what capital expenditure goods are.
  5. FRS6500 explains whether the building of an extension qualifies as capital expenditure for the purposes of FRS.
  6. FRS7100 explains when a business receives a 1% reduction to their flat rate percentage.