Introduced by HMRC in 2002, the Flat Rate Scheme (FRS) was designed to help small businesses reclaim VAT without going through the standard VAT reclaim process.
Self-Employed operatives can charge 20% VAT as normal and simply pay HMRC a percentage of turnover rather than working out the VAT on all purchases. The VAT Flat Rate Scheme generates additional profitability for Self-Employed operatives who fall below the mandatory VAT registration threshold, allowing them to reclaim VAT based on their turnover and profession.
IN-SYNC Credit Services via our partner IN-SYNC Tax, will provide a fully managed service with no upfront fees. We consistently secure VAT rebates for Self-Employed operatives of over £2,500 and in many cases VAT is recovered from the last 4 years, delivering VAT rebates of over £10,000.
IN-SYNC will pay the rebate in advance and recover the money from HMRC once the VAT rebate is released. So, if you are a Self-Employed Sole Trader engaged by IN-SYNC TAX, you will automatically be entitled to one of our cash advances, in many cases backdated up to four years.
Increase your annual take home pay by claiming VAT based on your turnover and profession.
Backdate your VAT reclaim upto 4 years and generate a potential reclaim of over £10,000.
Receive your VAT rebate within 24 hours with an IN-SYNC Credit Cash Advance.
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