You are absolutely right and its only the ballache of accounting for everything that is stopping me. That said I need to do it for my annual accounts/returns so would be good discipline. Would prefer to deregister but I cant.
Read his other post above. He does very, very nicely out of it.
Wish I could say the same, but there are absolutely no benefits (bar convenience) to me now as effectively I pass on full rate, but cant reclaim any of my input VAT. In fact I lose out of it!!
You must be in the category "Retailing food, confectionery, tobacco, newspapers or children’s clothing" as that is the only one at 4%. Not sure how that category could ever be low sales, unless its luxury end, but well done you!
Christ he killed any incentive for anyone with low costs to stay on flat rate at last year's Autumn statement, so anything more and it would be effectively extra income tax!!