Flat Rate Scheme for VAT: How does it work?

There are those who champion it as a big money saver. Recently, we have had questions relating to this scheme from clients asking us how it works and if it would be beneficial for their business. We have had to reassure clients that if they qualify for this scheme then they have already been automatically placed on it. However, for those without an accountant this is certainly something you should look into and seek advice if you think you are eligible. There are cases where money can certainly be saved by using the flat rate scheme for VAT but you
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