Accounting 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 record keeping
Keeping records for VAT - invoices, VAT account, sales and purchase records for reclaiming VAT

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