Check VAT registration and the Flat Rate Scheme
check_vat_registrationCheck whether a turnover is over the UK VAT registration threshold for a tax year, and compare VAT payable under the standard scheme with the Flat Rate Scheme for the business's sector rate, including the first-year discount, with the cheaper scheme and the difference.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| taxYear | No | UK tax year, e.g. "2026-27". Defaults to the current one. | |
| annualTurnover | Yes | VAT taxable turnover over 12 months | |
| flatRatePercent | No | Flat Rate Scheme percentage for the sector, e.g. 14.5 for IT consultancy | |
| vatablePurchases | No | Purchases with VAT a year | |
| firstYearOfVatRegistration | No |