To ask the Chancellor of the Exchequer, whether she plans to review the Flat Rate Scheme rules to enable small hospitality businesses to recover VAT on essential inputs.
The Flat Rate Scheme aims to offer additional simplification to smaller businesses. It allows VAT to be calculated by the application of a sector-specific percentage. Users benefit by not having to account for VAT on sales and costs, instead applying a lo...
Hospitality Industry: VAT