VAT Accounting Schemes

VAT Accounting Schemes - In contrast to standard VAT accounting, there are several alternative ways you can account for VAT that could save you time and money.

Some of these VAT accounting schemes have been designed for specific trade sectors. Others have been designed to deal with more general business issues. Some of the schemes can be used together.


Annual Accounting Scheme
Cash Accounting Scheme
Flat Rate Scheme
VAT schemes for retailers
Margin schemes for second-hand goods, art, antiques, collectibles
Tour Operators' Margin Scheme

You Can Learn More on:
   • HM Revenue & Customs