Q5. Flat rate tax

by Susie Hughes at 16:48 20/11/08 (Question Time)

EricCantona submitted this question: I am unable to take part at the time, but would care to promote the idea of a flat rate tax system for freelance business people. In a similar approach to the flat rate VAT system, freelance staff ought to be able to submit an operating expenditure cost schedule, which would identify a banding for flat rate of tax.

This could take away self assessment, vat, and corporation tax, and be designed such that an accountant would not be essential to the process. -- If you wish to comment on this article, please log in and use the Reply button in Mark's answer or in any other posts. Registering is free and easy - see 'Join Shout99'. - Susie Hughes © Shout99 2008

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