At NiS Accountants, we’re often asked whether joining the Flat Rate VAT Scheme (FLEC VAT) is the right choice. The answer? It depends — and many businesses are surprised to find that it may not be as beneficial as it first appears.
What is FLEC VAT?
The Flat Rate VAT Scheme is designed to simplify…
Published: Feb 2025 By NiS Accountants
As the 2025/26 tax year unfolds, several important tax changes will affect landlords, self-employed individuals, and small business owners. Staying ahead of these updates is essential for remaining compliant and making informed financial decisions.
1. Capital Gains Tax (CGT) Reform for Property Sales
From 6 April 2024, the…
