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Flat Rate Scheme bank interest

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    #1

    Flat Rate Scheme bank interest

    Is the interest earned in your bank account to be included in your VAT return under the FRS?
    Too close for missiles, I'm switching to guns.
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    #2
    Originally posted by maverick
    Is the interest earned in your bank account to be included in your VAT return under the FRS?
    No but you have to account for it under corporation tax.
    Cenedl heb iaith, cenedl heb galon

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