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If you are a trader who is registered for the VAT flat rate scheme then it
may be important for you to learn the VAT flat rate percentages. Account-Ease
gives an advisory note on this with emphasis of the benefits that the company
stands to gain for being VAT registered. A penalty for late VAT return is
possible or even, a fine for late VAT return together with the VAT late payment
penalty are possible in case of late submissions. At Account-Ease we keep time
and make sure that we meet all the deadlines so that we avoid such penalties.
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