VAT law provides a number of special schemes designed either to improve the cash flow of small businesses or at least to simplify VAT accounting. In this briefing we explore three schemes specifically designed to benefit small businesses and provide guidance as to how they work. They are the flat rate scheme, the annual accounting scheme and the cash acocunting scheme. (more…)
Posts Tagged ‘Annual Accounting Scheme’
VAT Schemes for Small Businesses
Friday, July 30th, 2010Tags: Annual Accounting Scheme, Cash Accounting Scheme, Flat Rate Scheme, Standard Rate VAT, UK VAT
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