VAT | Makesworth Accountants in Harrow London UK
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VAT

VAT is one of the most complicated areas of tax. We can advise you on choosing the right scheme and other key VAT issues.

  • VAT - annual accounting scheme

    The annual accounting scheme helps small businesses by allowing them to submit only one VAT return annually rather than the normal four.

  • VAT - flat rate scheme

    The VAT flat rate scheme for small businesses was introduced to reduce the administrative burden imposed when operating VAT. Under the scheme a set percentage is applied to the turnover of the business as a one-off calculation instead of having to identify and record the VAT on each sale and purchase you make. This factsheet explains how the VAT Flat Rate Scheme works.

  • VAT - seven key points for the smaller business

    This factsheet focuses on VAT matters of relevance to the smaller business. A primary aim is to highlight common risk areas as a better understanding can contribute to a reduction of errors and help to minimise penalties

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