Identify which VAT scheme your business is eligible to use

Introduction

Businesses normally account for VAT when they invoice their customers and when they are invoiced by their suppliers.

HM Revenue & Customs (HMRC) operates a number of VAT accounting schemes that allow businesses to either:

• dramatically reduce the amount of time and effort they spend administering VAT
• only account for VAT when they are actually paid by their customers

Use this interactive tool to see if there is a VAT accounting scheme that can help your business.

You will answer no more than 14 questions. Go straight to the first question.

This tool is not a substitute for professional advice. You may also want to:

• discuss the options with HMRC National Advice Service
• take advice from an accountant

Subjects covered in this guide

• Introduction
• Which VAT scheme is right for my business?
• Here's how I chose the right VAT accounting scheme and paid my first VAT return

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