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 ‘Standard Rate VAT’
VAT Schemes for Small Businesses
Friday, July 30th, 2010Tags: Annual Accounting Scheme, Cash Accounting Scheme, Flat Rate Scheme, Standard Rate VAT, UK VAT
Posted in A Personal View, Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off
What is UK VAT? – a brief and simple note!
Friday, July 23rd, 2010UK VAT is the most complex tax in the UK.
UK VAT (value added tax) is similar to a sales tax. It is a tax that is charged on most goods and services provided by VAT registered business in the UK. It is also charged on some goods and services imported from countries outside the EU and brought into the UK from other EU countries. (more…)
Tags: Standard Rate VAT, UK VAT, UK VAT Registration, What is VAT?
Posted in Australia, Canada, France, New Zealand, popular, UK accounting, USA | 1 Comment »