VAT Scheme CompareFarm 67
VAT Scheme Compare · HMRC guidance reviewed 6 August 2026

Leave the Flat Rate Scheme: £230,000 tests

Check anniversary, next-12-month and next-30-day income tests and obtain the official leaving date.

Decision boundary

A business must leave if it becomes ineligible or crosses an applicable £230,000 VAT-inclusive test. Voluntary leaving requires written notice to HMRC.

Evidence to check

Compare this VAT period

Official source

GOV.UK: circumstances change and leaving

General information only. HMRC decides scheme eligibility, rate and leaving dates.

Related guides

VAT Flat Rate calculator: use VAT-inclusive turnoverApply the selected HMRC rate to VAT-inclusive turnover and keep standard-accounting inputs separate.Limited cost business test: 2% and £1,000 rulesTest relevant goods against both HMRC limits for each VAT return period instead of self-classifying once.Flat Rate vs standard VAT: compare the same periodCompare cash paid to HMRC without treating the lower estimate as proof that a scheme is suitable or available.

Get the VAT Flat Rate period checklist after confirming your email.