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Determining the appropriate flat rate percentage

The flat rate percentage which flat-rate traders are required to apply to his turnover is determined as follows¹:

1. Ìý

   •ÌýÌýÌýÌý where a prescribed accounting period begins with a relevant date, the rate specified in the appropriate table below for the category of business that they are reasonably expected to carry on at that date

2. Ìý

   •ÌýÌýÌýÌý where a prescribed accounting period contains the trader's start date but does not begin with that date, the rate specified in the appropriate table below for the category of business that they are reasonably expected to carry on at that date for the remainder of that period

3. Ìý

   •ÌýÌýÌýÌý in other cases, the rate applicable to the previous prescribed accounting period

However, where a relevant date which is not the trader's start date occurs other than on the first day of a prescribed accounting period, the rate to be applied is that specified in the appropriate table below for the category of business that the flat-rate