Different ways to account for VAT
Details of the various accounting schemes for VAT and record-keeping
Please note: VAT guidance from HM Revenue & Customs (HMRC) can be found on the GOV.UK website. We provide links to the key information below.
Annual accounting and VAT - eligibility, thresholds, returns and payment deadlines, and joining or leaving the scheme.
Cash accounting and VAT - eligibility, thresholds, joining and leaving the scheme.
Flat Rate VAT scheme - eligibility, thresholds, flat rates of VAT and joining or leaving the scheme.
How to use VAT margin schemes - records you need to keep, invoicing and VAT returns reporting.
Retailers can calculate the VAT they have to record in their account per day or week instead of for each sale.
Write to HMRC to change your details if you're in the Annual Accounting or Flat Rate schemes, or want to leave the schemes.