16.5% flat rate for limited cost traders

Adjustments on joining or leaving scheme, method of calculating

Admission

Amendment date, meaning

Annual accounting scheme, interaction with

Appeals

Application for retrospective admission

Application rejected to protect the revenue

Appropriate category: catering or food retailing

Appropriate category: engineering

Business services not used elsewhere v management consultancy

Error in choosing classification of business

Excise duty part of threshold

Generally

Mixed business: annual review required

Retrospective use

Apply for authorisation

Appropriate percentage

Building or construction services

Case law

Change in standard rate of VAT

Changes in business activity

Determination

Differing within prescribed accounting periods, notification

Generally

Main business activity

Meaning

Reduction for newly registered period

Too high percentage used for longer than capped periods

Users of method based on cash accounting

Assessments

Associated persons

Authorisation

End date

Refusal for protection of the revenue

Start date

Authorisation, conditions

Bad debt relief

Basic turnover method

Cash turnover method

Generally

Calculation of VAT due

Appropriate percentage

EVAT returns

Exempt income from property

First year of registration: one per cent cut

Generally

Notifications by users

Outside the scope income

Payment of VAT by users

Quarterly or annual accounting

Recharges

Record of turnover

Retention and issue of invoices

Reverse charges

Capital expenditure goods, meaning

Category of business, determination

Change date, meaning

Charging and collecting VAT, simplified procedures

Date of starting to use: no retrospective

Different percentages applying to different parts of same accounting period

Different provisions for different circumstances

EDR, meaning

Election to determine amount of liability to VAT

Eligibility

Generally

Notification

Exemptions or graduated relief

Extension to categories of businesses entitled to credit for input tax

Farmers

Flat-rate trader

Meaning

Relevant date, meaning

FRS user cannot use the cash accounting scheme

Generally

Input tax

Adjustments in respect of stock on hand at withdrawal from scheme

Credit disallowed

Generally

Pre-registration supplies

Interaction with

Direct tax

Reverse charge and carousel fraud

Intra-EU trade

Leaving

Associated with another person

Case law

De-registration by users

Generally

Record-keeping

Retrospective withdrawal

Self-supplies

Method of accounting

Modifications to provisions

National Registration Service address

Notice 733

Pre-registration input tax

Record-keeping

Reduced percentage in first year of registration

Registration

Relevant purchases

Exclusion from cash accounting scheme

Meaning

Reverse charge on carousel fraud supplies

Relevant supplies

Exclusion from cash accounting scheme

Meaning

Reverse charge on carousel fraud supplies

Relevant turnover

Amendment by notice of methods of determination

Determination, methods

Meaning

Time of supplies

Repayment traders, exclusion

Reporting and review

Retail schemes, cessation where flat-rate scheme operated

Retrospective admission

Generally

Reverse charge

Carousel fraud supplies

Generally

Separated turnover: change in standard VAT rate

Termination by commissioners

The scheme, meaning

The Table, meaning

Threshold

Use of the FRS

Withdrawal

Amendment by notice of stock adjustments

Date of

Generally

Self-supply charge

Stock on hand, adjustments