Ever heard of the flat rate scheme? This is a scheme where you are still VAT registered and charge 20% VAT on all of your invoices. Instead of claiming VAT on your purchases and other expenses, you pay over a lesser percentage on your sales. This percentage is dependent on your business sector. This is a scheme that mainly benefits those businesses that have very little by way of expenses. Consultants are a prime example of a business that could benefit from being on the sche