In this section:
- Introduction to VAT
- Registering for VAT
- Choosing the best VAT accounting scheme for your business
- VAT rates and charging and reclaiming VAT on sales and purchases
- Keeping records, invoicing and accounting for VAT
- VAT returns, payments and refunds
- VAT problems, mistakes, adjustments, inspections and investigations
- Changing your VAT registration details or deregistering from VAT
- VAT and international trade
- VAT for charities and other not-for-profit organisations
- VAT for consumers
- VAT for tax agents and advisers
Choosing the best VAT accounting scheme for your business
VAT accounting schemes: the basics You may be able to use one or more of our VAT accounting schemes to simplify your VAT accounting and smooth your cashflow
Annual accounting VAT scheme Reduce your paperwork and manage your cashflow more easily by filing only one VAT return a year and making VAT payments on account
Cash accounting VAT scheme You don't need to pay VAT until your customer pays you - if your customer never pays, you don't have to pay the VAT
Flat rate VAT scheme Pay VAT as a flat rate percentage of your turnover and save time accounting for VAT on sales and purchases
VAT retail schemes How to keep VAT invoicing and VAT accounting to a minimum if you're a retailer
VAT margin schemes for second-hand goods, art, antiques If you're a second-hand trader you only need to account for VAT on the difference between the purchase price and selling price of an item
