What is the VAT Flat Rate Scheme? - FreeAgent

What is the VAT Flat Rate Scheme? - FreeAgent www.freeagent.com/glossary/vat-flat-rate-scheme What is the VAT flat rate scheme? Definition of the VAT flat rate scheme The VAT flat rate scheme is an alternative way for small businesses to work out how much VAT to pay to HMRC each quarter. The scheme\'s name is often abbreviated to VAT FRS.