flat vat scheme

[eddy130_1]

hi does anyone use the Flat Rate Scheme offered by gov.uk?

i looked but as i`m a fairly large buyer of goods to sell on eBay.  i`m not sure if it`s worth it. i am presently paying 20%.  at 1st gance it appears you only pay 7.5% but it seems you can`t ofset any VAT, in effect it`s a 7.5% bill on your goods.

any clarify from any other sellers would be helpful, thank you and a merry xmas sales,

stuart 

[61stephenuk · Accepted solution]

With Flat Rate scheme you are correct that it's a fixed 7.5% on most retail goods,you cannot reclaim VAT on your purchases.

You can always contact the VAT Helpline if you have any questions about the Flat Rate Scheme