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Cool Kids Ltd has annual turnover of 8 4 , 9 0 0 . 8 5 % of the sales are standard rated and 1

Cool Kids Ltd has annual turnover of

84, 900.85 %

of the sales are standard rated and

15 %

are zero rated. Standard rated expenses are

14, 100 .

All figures are exclusive of VAT. The relevant flat rate percentage for Cool Kids Ltd

'

s trade is

11 % .

What is the VAT liability if Cool Kids Ltd DOES use the flat rate scheme?

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