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Flat Rate VAT scheme - eligibility, thresholds, flat rates of VAT and joining or leaving the scheme
The amount of VAT a business pays or claims back from HM Revenue and…
You must be eligible for the scheme. How to join You can: join the scheme…
You can join the Flat Rate Scheme if: you’re a VAT-registered business you…
The VAT flat rate you use usually depends on your business type. You may…
Retailers can calculate the VAT they have to record in their account per day or week instead of for each sale
If you sell goods you must calculate how much VAT to record in your VAT…
Who can use it You can use this scheme if you can identify the VAT rate…
Who can use it You can only use this scheme if you buy goods for resale.…
Who can use it You might want to use this scheme if you make a small…
Annual accounting and VAT - eligibility, thresholds, returns and payment deadlines and joining or leaving the scheme
Usually, VAT-registered businesses submit their VAT Returns and payments…
You must be eligible to join the scheme. How to join You can join the…
You can join the Annual Accounting Scheme if: you’re a VAT-registered…
Check your VAT Return and payment deadlines in your HM Revenue and Customs…
How to use VAT margin schemes - records you need to keep, invoicing and VAT return reporting
Cash accounting and VAT - eligibility, thresholds, joining and leaving the scheme
How VAT works, what VAT is charged on, VAT thresholds and VAT schemes.
Find out how the VAT Cash Accounting Scheme works and the conditions you must meet if you want to use it.
Find out how to use the Flat Rate Scheme, who can use it and how to apply to join the scheme.
If you make supplies of second hand goods, works of art or antiques and collectors items you can choose to use this simplified margin scheme to account for VAT.
Accounting for VAT using retail schemes if you're a VAT-registered business and you cannot account for VAT using normal accounting.
Find out the general rules for the Apportionment Retail Schemes (1 and 2), how the scheme works, records you must keep and how to work out your VAT.
If you’re an agent, find out how to use a VAT margin scheme to account for VAT (VAT Notice 718).
Use the Capital Goods Scheme if you reclaim VAT on capital items like expensive land, property or computer equipment.
Use form VAT600AA to apply online to join the Annual Accounting Scheme.
Find out about the Direct Calculation VAT Retail Schemes 1 and 2, how they work and what records you must keep.
Who can use the VAT Annual Accounting Scheme and how to apply.
If you provide services to a seller or buyer in the UK, find out about the auctioneers' VAT margin scheme and how to account for VAT (VAT notice 718/2).
Find out the general rules for the Point of Sale Retail Scheme, how the scheme works, records you must keep and how to work out your VAT.
Apply to join the Flat Rate Scheme using form VAT600FRS.
Find out when you need to agree a bespoke VAT retail scheme with HMRC.
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