VAT

Effective VAT planning aims to ensure that VAT is relatively painless, and that you are reclaiming as much as possible of the VAT you pay.

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VAT - overview

Our overview of how VAT works, when you might need to (or choose to) become VAT-registered and what your obligations will be if you do.

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Common VAT problems

It can be easy to make mistakes with VAT - and ignorance is no defence. Here's our guide to some of the possible pitfalls and how to avoid them.

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VAT accounting schemes

VAT accounting schemes can make your life easier, simplifying your VAT accounting and in some cases improve your cash flow.

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VAT records

As well as ensuring you comply with your legal obligations, maintaining accurate, current VAT records makes it easy to get the VAT you paid back.

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VAT registration

If you register for VAT with HM Revenue & Customs (HMRC), you must charge VAT on any goods and services you sell that are subject to VAT.

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VAT returns

The VAT return summarises your sales and purchases and the VAT relating to them. All the information you need should be in your VAT records.

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Pay your VAT bill

Use this Tool to find out how you can pay any VAT owing to HM Revenue & Customs.

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Work out the correct rate of VAT

VAT-registered businesses charge VAT on sales of goods and services. Use this tool to find the correct VAT rate you must charge and pay to HMRC.