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HMRC internal manual

VAT Retail schemes guidance

From
HM Revenue & Customs
Updated
, see all updates

Point of sale (POS) schemes: Decision table for migration to EPOS for VAT accounting

This table helps to determine whether a business can reasonably be expected to use EPOS for VAT accounting.

Question Outcome
   
Question 1: Is the existing system capable of reporting sales at different VAT rates, with product liability look-up? If yes: Migration to using POS for output tax accounting should be straightforward. Trader can reasonably be expected to migrate now to using POS for output tax.
If no: Go to question 2.    
  Question 2: Is the existing system capable of having extra facilities (such as liability look-up) grafted on? If yes: There will be a resource impact for the trader, but accounting for output tax could be achieved fairly soon. Trader can reasonably be expected to migrate to using POS for output tax in the near future.
If no: Go to question 3.    
  Question 3: Is the existing system time-expired and due for replacement? If yes: Go to question 4.
If no: Probably not reasonable to expect migration to POS for VAT accounting now.    
  Question 4: Is the trader able to commit finance and resource to development of a replacement system? If yes: There is an opportunity to get appropriate facilities built in during development of new system.
If no: Probably not reasonable to expect migration to POS for VAT accounting now.

Alternatively, you may prefer to use the following flow chart - Decision Chart for migration to using EPOS for output tax accounting (Word 24KB)