VAT – the basics and the VAT return

Businesses looking for support with choosing a VAT accounting scheme or completing their VAT return can access a range of free live webinars provided by HMRC. These sessions include opportunities to ask questions via a live text box and are designed to help businesses understand the essentials of VAT and how to comply with their obligations.

VAT: The Basics and the VAT Return

This webinar provides an overview of the key principles of VAT and guidance on completing a VAT return. Topics include:

• An introduction to VAT and when to charge it

• Standard VAT accounting methods

• Paying your VAT bill

• Correcting mistakes on a VAT return

• Cancelling VAT registration

VAT Accounting Schemes

This session introduces three of the main VAT accounting schemes available to eligible businesses:

• Cash Accounting Scheme

• Flat Rate Scheme

• Annual Accounting Scheme

The webinar outlines how each scheme works, who can use them, and their respective benefits and conditions.

VAT: Using the Flat Rate Scheme

This webinar focuses specifically on the Flat Rate Scheme. It provides guidance on:

• How the scheme works and how it can be used

• Reclaiming VAT on capital expenditure

• Dealing with multiple businesses under the scheme

• Completing a VAT return under the scheme

• Record-keeping requirements

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