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UK VAT Flat Rate Scheme (FRS) vs. Standard VAT Calculator

Calculate your VAT payable under the HMRC Flat Rate Scheme (pay a fixed percentage of gross turnover while charging standard 20% VAT to clients) and compare savings against standard VAT accounting.

Données du Simulateur

En temps réel
£
Sélection rapide :
Résultat CalculéVAT Flat Rate Scheme (FRS)

Total Flat Rate VAT Paid to HMRC

£14,280

Flat Rate Scheme Financial Surplus / Profit Retained

£2,720

Standard 20% VAT Collected from Clients

£17,000

Détail du Calcul

Gross Invoiced Sales
£102,000
VAT Paid to HMRC
£14,280
FRS Retained Profit
£2,720

Méthodologie de Calcul

Gross Invoiced Revenue (incl 20% VAT) = Net Sales * 1.20. Flat Rate VAT Due = Gross Revenue * (Flat Rate% / 100). Net VAT Retained / Saved = (Net Sales * 0.20) - Flat Rate VAT Due.

Avertissement Légal et Pédagogique

Businesses spend less than 2% of turnover or £1,000/yr on goods are classified as 'limited cost business' and must apply the 16.5% flat rate. A 1% discount applies in the first year of VAT registration.

Ce simulateur est conçu à des fins éducatives et informatives. Les résultats ne constituent pas un conseil financier, fiscal ou juridique contraignant.

Foire Aux Questions

Generally no. FRS traders cannot reclaim VAT on daily operating expenses, except on single capital asset purchases costing £2,000 or more.
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