How could I earn more with the Flat Rate Scheme?
The UK government has recommended that chauffeurs voluntarily register for the Flat Rate Scheme, even if their turnover is below the VAT registration threshold.
By joining the scheme, your earnings can increase by an average of 5% per journey. In addition, Wheely offers a £200 incentive upon registration.
With the Flat Rate Scheme:
you pay 10% from your VAT inclusive earnings to HMRC
you keep the difference between what you charge your customers and pay to HMRC.
We have partnered with ANNA Money to support chauffeurs with VAT registration and joining the Flat Rate Scheme.
Please note that Wheely does not provide tax advice, and we strongly recommend that you seek independent professional tax advice. Partners are responsible for complying with HMRC rules regarding VAT.