Video: VAT accounting schemes explained by HMRC
If your business is registered for VAT or approaching the VAT registration threshold, you may have considered the range of VAT accounting schemes available and wondered which one might be right for your business.
In our latest joint webinar, HMRC explains the three most popular VAT accounting schemes:
- the cash accounting scheme
- the Flat Rate Scheme (including information on the recent changes to the scheme and the introduction of the new limited cost trader percentage)
- the annual allowance scheme
Looking for more support?
If you’d like to learn more about VAT after watching the webinar recording, why not head over to our VAT hub page, where you’ll find lots of helpful articles and other resources to help you get to grips with VAT!
Disclaimer: The content included in this blog post is based on our understanding of tax law at the time of publication. It may be subject to change and may not be applicable to your circumstances, so should not be relied upon. You are responsible for complying with tax law and should seek independent advice if you require further information about the content included in this blog post. If you don't have an accountant, take a look at our directory to find a FreeAgent Practice Partner based in your local area.
