![]() There is no need to keep detailed records, particularly of VAT on purchases and expenses. The main advantage of the scheme is that it is simple and that it saves work. If this is the case, the trader must leave the flat rate scheme and work out the VAT due to HMRC in the usual way. Once in the scheme, a trader can remain unless their turnover in the last 12 months was more than £230,000 including VAT, or they expect their turnover in the next 30 days alone to be more than £230,000 (including VAT). A trader cannot re-join the scheme if they have left it in the previous 12 months. This is the total of everything that they sell that is not exempt from VAT and is exclusive of VAT. The scheme is only open to VAT-registered businesses which expect their annual VAT taxable turnover to be £150,000 or less. The percentage that they pay is set by HMRC and depends on the business sector in which they operate. Under the scheme, traders pay a percentage of their VAT-inclusive turnover over to HMRC, rather than working out the difference between their output VAT and their input VAT. ![]() ![]() However, while it may save work, it may also cost more than working out VAT in the traditional way. Print your 2-page budget planner on US standard letter-size paper – dimensions should be 8.The flat rate scheme offers VAT registered traders who meet the eligibility conditions a simpler way to work out the VAT that they need to pay over to HMRC.Are you already a VIP member? Click here and enter your super-secret password to grab your printable.You can either go to this link to get your freebie or click the link that comes in your welcome email.Go check your inbox for a welcome email complete with your super-secret password.(You will also be subscribed to my newsletter and get special offers and updates delivered every week.) Click this link and sign up to get the free budget planner delivered to your inbox.Just wash, rinse, and repeat as long as you continue to budget (TBH, I’ve been doing it for 10+ years and don’t plan on stopping!) How to download and print this planner Most people will print off a copy of both pages for each month of the year, which means twelve total budget planner printables for 2023. Once you get your super-secret password for your free download you can save the files to your computer and download and print them as many times as you need! PAGE 2 – your monthly budget planner PDF.PAGE 1 – a monthly expense tracker PDF ( full tutorial here).This free 2023 budget planner is a two-page printable PDF. We want to make saving money and budgeting as stress-free as possible so that you can stop feeling so overwhelmed all the time and live your best possible life! What’s inside this free 2023 budget planner? Start saving your Benjamins like our financial minimalist family of four with this free 2023 budget planner - we’ve been budgeting and living frugally for so long that saving money is second nature to us. ![]() If you are trying to live frugally, save money, and get out of debt the last thing you need to do is pay for expensive budgeting software and budgeting planners.
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