VAT Flat rate schemes changes

HMRC have finally updated their Flat Rate Scheme VAT Notice to provide some much needed further guidance for businesses who may be affected by the “Low Cost Trader “ provisions.
 
Section 4: Determining your flat rate percentage has been updated by the addition of paragraphs 4.4, 4.5 and 4.6.   These provide Information on determining whether you are a low cost trader,  how to treat VAT returns spanning the 1^st April 2017 when the changes come into force, and examples of relevant goods (and supplies which will not be relevant goods).  
 
The Notice can be found at:-
 
https://www.gov.uk/government/publications/vat-notice-733-flat-rate-scheme-for-small-businesses/vat-notice-733-flat-rate-scheme-for-small-businesses#introduction