Reply to post: Re: If you're going to treat contractors as employees, kiss the VAT goodbye.

20% of UK businesses would rather axe their contractors than deal with IR35 – survey

Franco Silver badge

Re: If you're going to treat contractors as employees, kiss the VAT goodbye.

"HMRC has no net VAT from this transaction."

In fact they'll often have a loss of VAT, given that many contractors (at least IME) are not purchasing large amounts of goods and therefore use the flat rate scheme.

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