VAT Accounting Schemes

In contrast to standard VAT accounting, there are several alternative ways you can account for VAT that could save you time and money. Some of these VAT accounting schemes have been designed for specific trade sectors. Others have been designed to deal with more general business issues. Some of the schemes can be used together. Read more about VAT Accounting Schemes[…]

Introduction to VAT

What is VAT? VAT is a tax that’s charged on most business transactions in the UK. VAT registered businesses add VAT to the price they charge when they provide goods and services to: business customers – for example a clothing manufacturer adds VAT to the prices they charge a clothes shop non-business customers – members Read more about Introduction to VAT[…]