Supplementary or alternative checks: flat rate scheme
Where a trader is using the Flat rate Scheme, check that:
- the trader is eligible to use the scheme;
- the correct self-classification and flat rate percentages are being used; and
- VAT has been accounted for correctly on the disposal of assets.
Detailed guidance relating to the Flat Rate scheme, including the main revenue risks, can be found in V1-23 Schemes.