Record Keeping: What records must be kept: VAT: Special schemes
The following VAT schemes have particular record keeping requirements. If a person wishes to, or must, use a special scheme they must keep the records laid down for that scheme. Details are in the appropriate Notice or other guidance. You can access these from the following links.
The person must use these schemes if the appropriate conditions are met.
|Capital Goods scheme||706/2||PE4800|
|Tour Operators Margin scheme (TOMS)||709/5||V1-23|
These schemes may be used. If the person chooses not to use the scheme they must account for VAT in the normal way.
|Agricultural flat rate scheme||700/46||V1-23|
|Annual Accounting scheme||732||V1-23|
|Flat Rate scheme||733||V1-23|
|Margin schemes (Antiques, second-hand cars etc)||718||V1-23|
|Opting to tax land and buildings||742A||V1-8|
|Registration by divisions for VAT||700/2||V1-28 pt2 sec 71ff|
|Registration in VAT groups||700/2||V1-28 pt2 sec 54ff|
|Sailaway Boats scheme||703/3||VSWB manual|