You don't have to record the VAT that you charge on every sale and purchase meaning you spend less time on your accounts, and more time on your business. You still need to show VAT on your invoices as you do for normal VAT accounting.
In your first year of VAT registration you get a one per cent reduction in your flat rate percentage until the day before the first anniversary you became VAT registered. You no longer have to work out what VAT on purchases you can and can't reclaim.
Welcome to our site. We have created this site due to the recent changes to VAT rates. We could not find a similar site that allowed users to change the amount of VAT so created this so that business users and individuals have access to a reliable VAT calculator