To be eligible for Beamin', you must operate as a Sole Trader and either lease, rent, or own a commercial vehicle (van).
Additionally, you must meet HMRC’s eligibility criteria to benefit from the reduced Flat Rate VAT scheme. This means you need to prove that you are not a Limited Cost Trader by spending more than 2% of your Flat Rate turnover (with a minimum of £250 per quarter) on relevant goods. Examples of relevant goods include:
- Fuel
- Van repairs or damages
- Workwear
Beamin' is available to self-employed drivers using Wise.