Final thoughts Deciding if a move to the VAT flat rate scheme is right for your business will require you to accurately calculate your turnover, identify which items are eligible to reclaim VAT on and ...

Retailers with annual turnovers of between 100 million and 1.2 billion cedis respectively are to pay three percent of their turnovers as Value Added Tax (VAT) under a Flat Rate scheme.

Limited cost traders can still use the Flat Rate Scheme, but their percentage will be 16.5%. So if they sell £120 of work, including £20 of VAT, the flat rate amount is £19.80 (£120 x 16.5%).

The Value Added Tax (VAT) flat rate scheme that would facilitate voluntary compliance by taxpayers, particularly those in the retail trade in the Western Region, was launched in Takoradi with a ...

Accra, July 26, GNA - The Value Added Tax (VAT) Flat Rate Scheme will begin operating effective September 1, 2007, Mr Anthony Ewereko Minlah, Commissioner of VAT Service, announced at the launch ...

small Ltd company, incorpated from a sole trader business 8 years ago. was on flat vat for VAT as a sole trader.

The flat rate VAT scheme is designed to simplify VAT compliance for smaller businesses, however it can offer a financial advantage where a business has a relatively low cost-to-turnover ratio and ...

It has come to pass in the past week that minister for finance Paschal Donohoe has made the decision to remove the poultry broiler sector from the Vat flat rate ...

The average overcompensation is around €12,500 per year, if the 560 or so poultry breeding, hatching and rearing farms in Ireland are included ...

Takoradi, July 27, GNA - The Value Added Tax (VAT) flat rate scheme that would facilitate voluntary compliance by taxpayers, particularly those in the retail trade in the Western Region, was ...