What VAT Accounting Scheme is right for my business?

Just about everyone has heard of VAT (Value-Added Tax). We’re used to paying it on many of the goods and services we purchase as we go about our everyday lives.

But when you have your own business, you’ll learn a whole new world of VAT exists as you work out how to apply it to your own trade. That’s because there are numerous VAT accounting schemes that HMRC offers, and which one is right for you will depend on the nature of your business.

In our latest guide, we’ll highlight some areas to consider.

You can download the full guide here

For more information, please see our latest guide. Our guide gives helpful guidance on:

  • How does VAT work?
  • The standard VAT Accounting Scheme
  • VAT Annual Accounting Scheme
  • VAT Cash Accounting Scheme
  • VAT Retail Schemes
  • VAT Flat Rate Scheme
  • VAT Margin Scheme
  • Making Tax digital

You can download the full guide here

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If you’d like a meeting or a video call to discuss this, please get in touch with your favourite Liverpool accountant