The initiative means that print firms with a taxable turnover of under 150,000 can simply calculate their VAT bill as a percentage of their total turnover.

A spokeswoman for Customs and Excise said that it had noticed that print was one of the sectors slow to pick up on the scheme's benefits.

According to the government, FRS presents benefits to small firms such as easier record keeping, simplified bookkeeping, fewer rules and a simpler way of managing VAT and payments.

The scheme, however, is  not suitable for all as FRS is based on averages, which means that while some firms may pay less VAT, others may pay more.

Visit: www.hmce.gov.uk or call 0845 010 9000