4 ms·

You claim the VAT back on all your business purchases - essentially a 20% discount :)

• majc2 13y ago
  Also, if you don't have that much external expenditure; then you can sign up for the flat rate scheme, which for tech essentially gives your income a boost of 4% for free.
  • jiggy2011 13y ago
    But at the cost of having to raise your rates by 20% without seeing any of that.
    • ronaldx 13y ago
      Profitable corporations would see VAT as adding 0 cost, since they would otherwise have to pay the same amount directly to HMRC. It depends who your customers are.
• martin-adams 13y ago
  You mean a 16.6% discount ;)