What flat rate VAT percentage do I apply for multiple business sectors?

By

Chris Andreou

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What flat rate VAT percentage do I apply for multiple business sectors?What flat rate VAT percentage do I apply for multiple business sectors?

If your business can be classified under more than one sector because you provide different types of services or products, you'll then use the percentage that applies to the majority of your services or sales, and apply that to your total sales.

Let's say you're running a hair salon along with a restaurant. If 70% of your sales is derived from providing hair and beauty treatments, you'll then apply a VAT flat rate of 13% (for hairdressing and beauty treatment services) to your total turnover.

If your business can be classified under more than one sector because you provide different types of services or products, you’ll then use the percentage that applies to the majority of your services or sales, and apply that to your total sales.

Let’s say you’re running a hair salon-cum-restaurant business. If 70% of your sales is derived from providing hair and beauty treatments, you’ll then apply a VAT flat rate of 13% (for hairdressing and beauty treatment services) to your total turnover.

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