Flat Rate VAT

On the Flat Rate Scheme you pay a fixed % of your gross (VAT-inclusive) turnover, instead of the difference between VAT charged and VAT reclaimed.

£ / yr
%

HMRC sets a flat rate per trade sector (e.g. 14.5% accountancy, 12% IT, 16.5% limited-cost). Enter yours.

£

Under the Flat Rate Scheme you normally cannot reclaim this input VAT. We use it to show what the standard scheme would cost.

Flat rate VAT to pay

a year - / month at

VAT element of turnover ()
Net (ex-VAT) turnover
Input VAT on purchases
Standard scheme VAT due

Estimate only. Check your sector rate and eligibility with HMRC.

VAT due across turnover

Flat rate Standard scheme

Annual VAT payable as your turnover grows, at your current rate. The marker shows your turnover.

Period Flat rate VAT Standard scheme You keep

Assumes turnover and purchases are spread evenly across the year. Most VAT returns are filed quarterly.

Compare saved scenarios

Scenario Flat rate VAT Standard scheme Difference

Next steps

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How the Flat Rate Scheme works

Flat Rate VAT Calculator by TaxFly — free UK tax calculators