VAT for Small Businesses
Revised and up to date for 2025/26. VAT affects many businesses across the globe and getting it wrong can be administratively burdensome and costly. Enhance your knowledge of VAT for small business and discover the governing rules, guidelines and the schemes available to your business or clients.
VAT for Small Businesses
This course will enable you to
- Familiarise yourself with the fundamentals of VAT
- Understand how the flat rate scheme can help your business and enable you to calculate the VAT due
- Define the cash accounting scheme, and its advantages and drawbacks
- Understand the annual accounting scheme and how to make advance VAT payments
- Describe the VAT margin schemes available to small businesses
About the course
VAT affects many people and businesses across the globe. Not only are the rules governing it complex, but getting it wrong can be administratively burdensome and, more importantly, costly. However, there are some invaluable VAT schemes that are available to smaller businesses. Understanding who can benefit from these, and what the conditions are, can make a massive difference to your business or clients.
This course will demystify the rules and guidelines that govern VAT that the schemes become easier to navigate. Discover the main features and eligibility of the range of schemes including flat rate, cash accounting, annual accounting and margin.
