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VAT

The VAT issues you need to consider when running your business.

VAT - a summary

VAT registered businesses act as unpaid tax collectors and are required to account both promptly and accurately for all the tax revenue collected by them. This factsheet highlights some of the areas that you need to consider when running your business.

VAT - annual accounting scheme

The annual accounting scheme helps small businesses by allowing them to submit only one VAT return annually rather than the normal four.

VAT - bad debt relief

This factsheet explains the situations where the VAT bad debt relief applies.

VAT - cash accounting

Cash accounting enables a business to account for and pay VAT on the basis of cash received and paid rather than on the basis of invoices issued and received. The factsheet explains the workings of cash accounting.

VAT - flat rate scheme

The VAT flat rate scheme for small businesses potentially reduces the administrative burden imposed when operating VAT. Under the scheme, a set percentage is applied to the turnover of the business as a one-off calculation instead of having to identify and record the VAT on each sale and purchase you make. This factsheet explains how the VAT Flat Rate Scheme works.

VAT - Making Tax Digital

An overview of the Making Tax Digital for VAT regulations.

VAT - seven key points for the smaller business

This factsheet focuses on VAT matters of relevance to the smaller business. A primary aim is to highlight common risk areas as a better understanding can contribute to a reduction of errors and help to minimise penalties.

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Latest Blog Posts

17 Mar 2026

Annual Tax on Enveloped Dwellings (ATED)

The deadline for submission of ATED returns is 30 April 2026.

06 Feb 2026

MTD for Landlords: Nearly There!

If your combined turnover from a property or sole trade business was over £50,000 in the 2024/25 tax year, you will be required to comply with the Making Tax Digital (MTD) for income tax rules from 6 April 2026.

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VAT

FREE INITIAL REVIEW

Latest Blog Posts

Annual Tax on Enveloped Dwellings (ATED)

MTD for Landlords: Nearly There!