Hello,
I was reading at SDJ website about Flat rate VAT schema.
How does that work for us as contractors with own Ltd?
Can we charge our client a 15% VAT and keep the difference between flat rate VAT and the standard 15% for ourselves? Or is this only possible for good supplies?
If the answer is yes, then how would we invoice the client? Let say the rate they offer is £300. Would I then invoice them £255 + 15% VAT = £300? Since I dont think the client would accept a £300 + 15% VAT.
Thanks,
I was reading at SDJ website about Flat rate VAT schema.
How does that work for us as contractors with own Ltd?
Can we charge our client a 15% VAT and keep the difference between flat rate VAT and the standard 15% for ourselves? Or is this only possible for good supplies?
If the answer is yes, then how would we invoice the client? Let say the rate they offer is £300. Would I then invoice them £255 + 15% VAT = £300? Since I dont think the client would accept a £300 + 15% VAT.
Thanks,
Comment