Choosing the right VAT accounting scheme for your circumstances can have a big impact on record-keeping and tax efficiency in your business. Find out more about the different types of VAT schemes available so you can make an informed decision.
The VAT accounting scheme your business uses can have a big impact on the way you calculate and report VAT, and even affect cash flow. Some schemes do have eligibility restrictions, but as long as you meet their criteria you can register for VAT on a scheme to suit your particular needs. The different requirements…
Are you trying to work out if you should join the VAT Flat Rate Scheme? Here’s a quick overview of how flat rate VAT works. What’s different about the VAT Flat Rate Scheme? Rather than your VAT bill being the total amount you charge on sales, minus the total amount you pay on purchases over…
