VAT Flat Rate - what %?

[Goya]

Hi,

What VAT percentage are people on here, if registered for the flat rate scheme?

I'm on 13% (12% in the first year).

I read another post recently suggesting 11%.

Having filled in forms saying I'm a consultant, I guess I'll be sticking with the 13% rate, unless there is another potential rate, if I change my job description a little?!

[DaveB]

It all depends on the nature of your business and the kind of consultancy you do. If you dont specifically provide IT consultancy,Comupter consultancy ( apart from computer repair which is 11% anyway ) or Management Consultancy then you can make an argument for "Business services not listed elsewhere" which gets you in at 11% - 10% for the first year.

Peronally I provide Audit, Governance, Information Security and Risk Management services none of which, I belive, could be classed as IT related or as specifically Managment Consultancy.

[Nixon Williams]

It sounds like you are on the right rate, ie 13% (12% in year one) - the other rates are used if they genuinely fit what you do. On application the VAT people will generally accept what you describe yourself as, however if they pay you a visit and have an issue with the percentage you use you can store up problems for the future.

[Goya]

Looks like I'll be sticking with 13% then!