…. check out the VAT Flat Rate Scheme. If you are registered, you can save lots of money by being on the Flat Rate Scheme (FRS). The FRS scheme means instead of paying the difference between 20% on sales and 20% on purchases, you pay a flat rate percentage on your total gross sales (determined by your industry). Not only can you save money, but it means you can produce your VAT return in 5 minutes! More information is available on the HMRC website at https://www.gov.uk/vat-flat-rate-scheme/how-much-you-pay. S4B are a team of Profit Consultants and Chartered Accountants in Maidenhead committed to putting the client first. If you would like to see how we can help you contact one of the S4B Team at [email protected] or call us on 01628 623444.