Understand VAT for your business
Understand the business requirements of VAT through a series of interactive learning tools
VAT - or Value Added Tax - is a tax charged by VAT-registered businesses on the supply of most goods and services.
If you are or become VAT-registered, you must charge VAT where appropriate on the goods or service you sell. However, you can also reclaim any VAT you have paid when buying things for your business.
The thresholds for registering for VAT are outlined below.
|VAT registration||More than £85,000|
|Registration for distance selling into the UK||More than £70,000|
|Registration for bringing goods into the UK from the EU||More than £85,000|
|Deregistration threshold||Less than £83,000|
|Completing simplified EC Sales List||£106,500 or less and supplies to EU countries of £11,000 or less|
This guide, through a series of simple interactive learning tools will help you and your business understand how VAT works, how to meet your VAT obligations, VAT registration and how to calculate VAT.
Please note: the VAT learning tools show ways of working out VAT that HM Revenue & Customs recommends. VAT rates can change, but if they do the calculation methods remain the same.
Should you charge VAT? (video)
Helping businesses make a decision on whether to charge VAT on sales
This short video (1 minute and 48 seconds) outlines the factors determining when you must register for VAT.
Getting started with VAT (e-learning)
HMRC e-learning tool to help you get started with VAT for your business
Just started your own business? If so, you may be unsure about if you need to register for VAT or, you may have decided that you want to register for VAT but unsure how to go about it.
This HM Revenue & Customs (HMRC) e-learning tool will help you get started with VAT.
How VAT works (e-learning)
E-learning course outlining how businesses charge VAT, reclaim VAT, VAT returns and VAT accounting schemes
Have you registered for VAT? You may have a lot of questions about how and when to charge VAT, how you claim it back, and how VAT works.
This HM Revenue & Customs e-learning tool will help you gain a better understanding of how VAT works.
VAT record-keeping (video)
Understand the importance of good record-keeping for VAT purposes
This short HM Revenue & Customs (HMRC) video explains the importance of good record-keeping for VAT purposes.