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<p>The latest published statistics show that in the last year for which figures are
available (2016-17), there were 358,270 businesses operating the VAT Flat Rate Scheme
(FRS).</p><p> </p><p>There is no separate impact assessment relating to businesses
participating in the FRS. An overall Impact Assessment was published on 1 December
2017.</p><p> </p><p>MTD is intended to help businesses meet their tax obligations
as simply as possible, regardless of whether they operate standard or specialist schemes.
While HM Revenue and Customs (HMRC) cannot recommend specific software products, they
have published details of compatible software on GOV.uk.</p><p> </p><p>This will be
updated regularly as more MTD software products become available. HMRC has also published
guidance within its recent VAT Notice 7/22 on GOV.UK on how to account for the FRS
on software that does not have it as a feature.</p>
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