heliguy - 12:54 pm on Jun 27, 2006 (gmt 0)
You can take a higher flat rate scheme say if you were a service company with sales staff but not many large purchases, or physical products.
Also there is a time issue here, it took me 30 mins to pay my VAT for the quarter, one form. Just 6% of turnover for the quarter. An accountant would charge you £400 pound a quarter and you would have to organise all the paperwork!