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 that you use can simplify how you work out your VAT, and even enhance your cash flow. Some schemes do have eligibility restrictions, but as long as you meet the criteria you can register for VAT on a scheme to suit your particular needs. In this article we give an overview…
There are a number of VAT schemes available, two of which are intended to help businesses improve cash flow and save time: VAT Cash Accounting and the VAT Flat Rate Scheme. But what are they and which is best for your business? In this article, we’ll review the benefits of both and outline which businesses…
Changes to the VAT Flat Rate Scheme announced in November’s Autumn Statement will take affect from 1 April 2017, in order to tackle ‘aggressive abuse’ of the scheme….
