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VAT Flat Rate Scheme Calculator

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Use this calculator to find out if you are likely to benefit from the VAT Flat Rate Scheme.

Calculator

How much will you pay under the flat rate scheme.

Flat rate applicable to your trade%

If unsure, categories are shown here

Last years turnover(excluding vat)£

VAT @20%£

Gross Turnover£

Vat reclaimed on Capital Expenditure over £2000£

VAT payable under the flat rate scheme£

How much VAT do you pay under the present system.

VAT as above£

Add: VAT on fuel scale charges for a year£

Less: Vat reclaimed on all inputs in the last year£

VAT payable under the present system£

DIFFERENCE BETWEEN THE TWO SCHEMES£

Notes:

The VAT Flat rate scheme is designed to simply the completion of vat returns for small businesses but for those who qualify it can also reduce VAT liabilities.

See our helpsheet on the VAT Flat Rate Scheme.