Call for Assistance: 02033 259 341
Spondoo Accounting
Call for Assistance: 02033 259 341
Spondoo Accounting

HMRC Flat Rate Scheme percentages for businesses not listed as Limited Cost Business

August 5, 2022

Guide to using the list 

The descriptions are what HMRC reasonably believes relate to business types. Remember:

  • If you find a match or a close fit for your business – use that sector. 
  • Check to make sure your business is not mentioned in a composite sector. Some of the sectors refer to more than one business type. 
  • If there is no sector that mentions your business, look at the sectors for ‘Businesses not mentioned elsewhere. ‘The table has one for retail, one for business services and one for manufacturing. 
  • If you still can’t find a sector you can use, you may use ‘Any other activity not listed elsewhere.’ Only use this sector if your business does not fit with anything else. 
 

Type of business 

Current VAT flat rate (%) 

Accountancy or book-keeping 14.5 
Advertising 11 
Agricultural services 11 
Any other activity not listed elsewhere 12 
Architect, civil and structural engineer or surveyor 14.5 
Boarding or care of animals 12 
Business services not listed elsewhere 12 
Catering services including restaurants and takeaways before 15 July 2020 12.5 
Catering services including restaurants and takeaways from 15 July 2020 to 30 September 2021 4.5 
Catering services including restaurants and takeaways from 1 October 2021 to 31 March 2022 8.5 
Computer and IT consultancy or data processing (include IT Contractors) 14.5 
Computer repair services 10.5 
Entertainment or journalism 12.5 
Estate agency or property management services 12 
Farming or agriculture not listed elsewhere 6.5 
Film, radio, television or video production 13 
Financial services 13.5 
Forestry or fishing 10.5 
General building or construction services* 9.5 
Hairdressing or other beauty treatment services 13 
Hiring or renting goods 9.5 
Hotel or accommodation before 15 July 2020 10.5 
Hotel or accommodation from 15 July 2020 to 30 September 2021 0 
Hotel or accommodation from 1 October 2021 to 31 March 2022 5.5 
Investigation or security 12 
Labour-only building or construction services* 14.5 
Laundry or dry-cleaning services 12 
Lawyer or legal services 14.5 
Library, archive, museum or other cultural activity 9.5 
Management consultancy 14 
Manufacturing fabricated metal products 10.5 
Manufacturing food 9 
Manufacturing not listed elsewhere 9.5 
Manufacturing yarn, textiles or clothing 9 
Membership organisation 8 
Mining or quarrying 10 
Packaging 9 
Photography 11 
Post offices 5 
Printing 8.5 
Publishing 11 
Pubs before 15 July 2020 6.5 
Pubs from 15 July 2020 to 30 September 2021 1 
Pubs from 1 October 2021 to 31 March 2022 4 
Real estate activity not listed elsewhere 14 
Repairing personal or household goods 10 
Repairing vehicles 8.5 
Retailing food, confectionery, tobacco, newspapers or children’s clothing 4 
Retailing pharmaceuticals, medical goods, cosmetics or toiletries 8 
Retailing not listed elsewhere 7.5 
Retailing vehicles or fuel 6.5 
Secretarial services 13 
Social work 11 
Sport or recreation 8.5 
Transport or storage, including couriers, freight, removals and taxis 10 
Travel agency 10.5 
Veterinary medicine 11 
Wholesaling agricultural products 8 
Wholesaling food 7.5 
Wholesaling not listed elsewhere 8.5 

*‘Labour-only building or construction services’ means building services where the value of the materials supplied is less than 10% of the turnover for those services. If more than this amount, the business is classed as ‘General building or construction services’. 

Download the free PDF version here!

 

more tips

Can You Claim Food as a Business Expense?

The golden rule when claiming business expenses is that the cost must be “wholly and exclusively” for business purposes. So, where do you stand when it comes to food and drink? After all, everyone needs these things to survive. When does it become an allowable expense? Read on to find out when your business can claim food and drink as an expense.
READ MORE

Self-Employed National Insurance Class 2 and Class 4 Rates

If you are sixteen and over, self-employed (sole trader or in a partnership) and making a profit befitting the ‘small profits threshold’, you are liable to pay national insurance.
READ MORE

Key UK Personal Tax Year Dates & Deadlines 2021/2022

Are deadlines creeping up on you? Spondoo is here to ensure you keep on top of things and take control again. These are the important dates you should take note of.
READ MORE

How To Set Up A Limited Company 

A Step-by-Step Guide  This is an easy-to-understand, step-by-step guide, to opening a successful limited company. But before we dive in, let’s check the legality surrounding it. 
READ MORE

Accountants in Haslemere, Surrey

We are qualified accountants providing personal and professional services for start-ups, established companies and individuals in and around the Halsemere area in Surrey. With the rise in technology, we have embraced the digitisation of accounting using efficient digital accounting tools to offer reliable services to our customers. Our goal remains to get our clients the best accounting and taxation services at the most affordable rates.
READ MORE

Onsite Canteen and Lunch Vouchers - Are They Taxable?

The provision of food and drink to an employee by their employer is a lovely thing to do. Eventually, it promotes teamwork, loyalty, a sense of belonging and even improves productivity. Taking it at face value makes it look like a simple act of kindness. However, unless it is done correctly, it can cause tax and national insurance compliance issues for the employer.
READ MORE
1 2 3 26
LEARN MORE
Information provided on the site is merely guidance that may change in line with UK law and regulations. Users must not consider this to be financial advice or their sole resource when making any financial decision. Spondoo is a trading name for Accounting SQL Limited, authorised & license accounting firm under the Institute of Financial Accountants.

4.9

Arnie Ayton accountant ratings on VouchedFor
Arnie Ayton accountant ratings on VouchedFor
© Copyright 2020 - Spondoo - All Rights Reserved
How, can we help?
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram