In this section:
- Introduction to VAT
- How and when to register for VAT, register online now
- Accounting schemes to simplify VAT accounting or save money
Accounting schemes to simplify VAT accounting or save money
VAT accounting schemes: the basics VAT accounting schemes may help simplify your VAT accounting, smooth your cashflow or save you money
Annual Accounting Scheme for VAT Reduce paperwork and manage your cashflow more easily by submitting one VAT Return a year and making regular monthly payments
Cash Accounting Scheme for VAT You don't need to pay VAT until your customer pays you - if your customer doesn't pay, you don't have to pay the VAT
Flat Rate Scheme for VAT Pay VAT as a flat rate percentage of your turnover and save time accounting for VAT on sales and purchases
VAT retail schemes How to keep VAT invoicing and VAT accounting to a minimum if you're a retailer
VAT margin schemes for second-hand goods, art, antiques etc Second-hand traders may be able to account for VAT on the difference between the purchase price and selling price of an item
