Running a mobile accessories business in the UK—selling phone cases, chargers, and earbuds—comes with its share of challenges, including managing VAT. If your purchases are mostly VAT-free (e.g., sourced from suppliers who don’t charge VAT), but you charge the standard 20% VAT on sales, the VAT Flat Rate Scheme (FRS) could simplify your accounting and… Continue reading VAT Flat Rate Scheme for Mobile Accessories Businesses in the UK: A Smart Choice?
VAT Flat Rate Scheme for Mobile Accessories Businesses in the UK: A Smart Choice?
