UK VAT Schemes Calculator
Compare Standard VAT Accounting against the Flat Rate Scheme (FRS). Enter your turnover, standard VAT on sales, expenses including VAT, and select your business sector to see which scheme saves you more. Flat Rate percentages vary by sector from 6.5% to 14.5%.
UK VAT Schemes Calculator — Standard vs Flat Rate Comparison
Free UK VAT scheme comparison calculator. Compare Standard VAT Accounting against the Flat Rate Scheme for your business sector to find the best option.
The Flat Rate Scheme simplifies VAT by applying a fixed percentage to your VAT-inclusive turnover instead of tracking input and output VAT. You cannot reclaim input VAT on purchases (except capital assets over £2,000). The scheme is available if your expected VAT-exclusive turnover is £150,000 or less. A 1% discount applies in the first year of VAT registration. Threshold turnover to leave the scheme is £230,000.