VAT Flat Rate Scheme for Advocates

18 March 2017, Advocates, Barristers

The VAT Flat Rate scheme for advocates is changing along with all other Limited Cost Traders on 1st April 2017.  The scheme was introduced with the intention of simplifying VAT.  It was never intended to be a tax allowance or a way of saving VAT.  The assumption from HMRC was that the scheme would be broadly revenue neutral.