VAT Rates
VAT Scheme

Most businesses keep a record of their VAT input and output, in order to accurately calculate their VAT return amounts. VAT Scheme offer an alternative approach, with some schemes tailored to certain sectors of trade and introduce different rates.

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VAT Returns
VAT Schemes

Once you have registered with the HMRC for VAT, there are additional aspects of VAT that you need to consider. Two of the most important of these are VAT rates and VAT schemes. A VAT scheme is a way of informing the HMRC the amount of VAT that you have charged on your products and services, and how much you have been charged for VAT. Call our office to discuss your circumstances.

VAT Rates | VAT Schemes

Choosing which VAT scheme to use can drastically affect your business, in terms of cashflow and time. Completing your VAT returns each year can be a very time-consuming process, which schemes can greatly assist with. When complied and managed by an expert accountant, it can be a much more practical and cost-saving way to run a business and stay on top of VAT payments.

There are a number of schemes that we can help to implement and manage, including;

  1. Flat Rate Scheme – for businesses with a turnover of £150,000 or less.
  2. Margin Scheme – for businesses who specialise in certain goods, such as second-hand items.
  3. Retail Scheme – for businesses who sell directly, in volume, to the general public.

For many businesses, VAT calculations and assessments are incredibly complicated, taking into consideration an extensive number of goods and services, along with a high volume of sales. Reducing the work needed by implementing scheme can be highly beneficial.

At The Accountancy Solutions, we can advise you on the right schemes for your business, help you to improve your cash-flow, and make the process much easier on an ongoing basis. After fully reviewing your business, our team can put you on the right track to equipping your business with the best tools to properly manage your unique VAT requirements.


We care for our clients. Building and maintaining fantastic relationships is what we do best, we will never treat you as a number which is what makes our approach so unique. The highest level of customer service combined with a keenness to listen and work together with our clients means that we leave a stream of happy clients in our wake every single day. Our services come with unlimited help and support provided at no extra cost throughout the year.That help and advice will all come courtesy of your own fully qualified and dedicated small business accountant.

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Are you just looking for an answer to a general question? We always provide free advice to individuals and self employed persons. You can send us an email, call us or fill in the form. But you should be asking answers to general questions.

Value Added Tax

VAT Registration

Its not easy to get VAT register. You would need an expert hand to advice you for VAT registration. Call us for a quick chat.

VAT Rates & Schemes

What to choose and how to switch when you have reached threshold. Rules about different schemes and notices about sectors.

VAT on Imports & Exports

Its highly sensitive matter after BREXIT, you would need help in transition and calculating your liability moving forward.

VAT on Special Trades Business

You would need to have knowledge about special notices of VAT about your trade. Call us if you need more information.

Frequently Asked Questions

Most frequent questions and answers

Yes you can. Most of our clients who are small bsuiness , we setup an automated software for them to do their book keeping. We only need the records at the end of each period for compliance.

It would take only 10-15 minuites to populate a spread sheet each day to enter data of your daily expenses. You can also take picture of reciepts and save it in a secured drive. Or you can use a software like Reciept bank.

Our charges are depend on amount of time we will spend on yor book keeping. Most of the time and because of availability of online and IT tools we advice clients to scan their record to save time and money.

We will not advice to do your book keeping on annual basis. There are many reasons and the major reason is you will find it hard to analyse and store records for the whole year if left to the end of the year.

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