What does FRS stand for?

Flat Rate Scheme (UK)

This definition appears very rarely and is found in the following Acronym Finder categories:

Military and Government
Business, finance, etc.

Other Resources:

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Financial Recovery Service, Inc. Financial Reporting Standard (UK Accounting Standards Board) Financial Reporting System Fire and Rescue Service Fire Research Station (UK) Firefighters' Retirement System First Repository States First return stroke Fisher-Rosemount Systems (various locations) Fisheries Research Services (Aberdeen, Scotland)		Fleet Readiness Squadron Fleet Repair Service Fleet Replacement Squadron Flexible Route Selection Flores, Guatemala - Flores (Airport Code) Florida Retirement System Fluid Routing Solutions, Inc. Focus Rallye Sport FOMIS Requirements Statement Force Républicaine de Sécurité (French: Republican Security Force; Madagascar)

Samples in periodicals archive:

[Ford Motor Company v HM Revenue & Customs EWCA Civ 1370] Flat Rate Scheme The Flat Rate Scheme allows small businesses with an annual taxable turnover of up to [pounds sterling]150,000 (excluding VAT) to calculate the VAT due to HMRC as a percentage of their total turnover, rather than declaring output tax at 17.

VAT Focus - A Round-Up Of Recent VAT-Related Developments

He will know that the Romanians are struggling with their IT software and may find the Commission makes the precautionary 25% deduction, agreed when Romania joined the EU, from the money for the Romanian farmers first payments under a simplified flat rate scheme - a pre-emptive strike, which will commend itself to the President.

Simpler rules as funds shrink; farming Euro view

In contrast, owners of non-business assets, such as buy-to-let homes, which must be kept for 10 years before they are subject to 24% tax, will gain under the new 18% flat rate scheme.

Bosses' lobby fails to sway chancellor over tax measures

A YOUR VAT exclusive taxable turnover is under pounds100,000 per annum so you are now eligible to join the new Flat Rate Scheme (FRS).

Value Added; Confused about the changes in this year's Budget? Tax ...

Their paper details a number of concerns about the flat rate scheme particularly with regard to the narrow band of turnover limitations and the penalties some small businesses may face for an innocent miscalculation.

: He means well - but will Gordon Brown's VAT changes for small ...

VAT flat rate scheme to cut form filling for 500,000 small firms.

Budget at a glance

He will know that the Romanians are struggling with their IT software and may find the commission makes the precautionary 25% deduction, agreed when Romania joined the EU, from the money for the Romanian farmers' first payments under a simplified flat rate scheme.

Location is all for CAP; Euro view farming

Extension of VAT flat rate scheme The VAT voluntary flat rate scheme for small businesses will be extended from April 2003 to businesses with an annual turnover of up to pound sterling150,000.

Pre-Budget Report