Notice: VAT Notice 733: Flat Rate Scheme for small businesses

From 1 June 2022, businesses registered under the Flat Rate Scheme should no longer include imports accounted for under postponed VAT accounting within their flat rate turnover. These should be accounted for separately, outside of the Flat Rate Scheme.

This page has been updated because the Brexit transition period has ended.

Paragraph 4.1, step 5 has been amended to clarify the process for choosing your flat rate sector.

This notice cancels and replaces Notice 733 (February 2017). Details of the changes to the previous version can be found in paragraph 1.2 of this notice.

VAT Notice updated to include details of the limited cost business changes which apply from 1 April 2017.

This notice cancels and replaces Notice 733 (May 2016).

This revised notice replaces the May 2013 edition. Details of the changes can be found in paragraph 1.2 of this notice.

First published.