Commentary

BB/7/04 VAT Flat Rate Scheme—changes to the postal and courier services sector

Part V16 Forms and other HMRC material

BB/7/04 VAT Flat Rate Scheme—changes to the postal and courier services sector

BB/7/04 VAT Flat Rate Scheme—changes to the postal and courier services sector

Business Brief, Issue 7. 3 March 2004

This Business Brief announces a correction to the current table of flat rate sectors and percentages used in the VAT Flat Rate Scheme.

Background

When Customs recalculated flat rates at the time of the pre-Budget report, we identified an error in the calculation of the sector for postal services and couriers. Approximately 1000 couriers use the Flat Rate Scheme and they are the only businesses directly affected by the change detailed below.

Details of the change

The change is to delete the current flat rate sector

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