Different ways to account for VAT
Please note: VAT guidance from HM Revenue & Customs can be found on the GOV.UK website. We provide links to the key information below.
VAT Annual Accounting Scheme
Annual accounting and VAT - eligibility, thresholds, returns and payment deadlines and joining or leaving the scheme
VAT Cash Accounting Scheme
Cash accounting and VAT - eligibility, thresholds, joining and leaving the scheme
VAT Flat Rate Scheme
Flat Rate VAT scheme - eligibility, thresholds, flat rates of VAT and joining or leaving the scheme
VAT margin schemes
How to use VAT margin schemes - records you need to keep, invoicing and VAT returns reporting
VAT retail schemes
Retailers can calculate the VAT they have to record in their account per day or week instead of for each sale
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