Example heading

This section has force of law under regulation 3 of the Example Regulations 1995.

If you account for VAT using the Flat Rate Scheme:

• you do not need to keep a digital record of your purchases unless they are capital expenditure goods on which input tax can be claimed
• you do not need to keep a digital record of the relevant goods used to determine if you need to apply the limited cost business rate

Example heading (this text will not have force of law)