Which product is right for you?
Wise Invoicing + Accountancy
With the bundle, everything from Wise invoicing plus:
- An appointed accountant
- Advice on tax & expenses
- Submit self-employment tax returns
- Administer quarterly VAT returns
Total weekly income: £633.00
the Flat Rate VAT Scheme?
The Flat Rate VAT scheme was set up by the HMRC to simplify VAT for small companies and self-employed entities.
You charge VAT at the usual 20% and pay a lower amount to the HMRC, dependent on your profession. The balance is for the entity to keep.
Please see the calculation above as an example.