There may be a time when you need to change VAT schemes, for example, because you've reached a turnover threshold or because a different scheme would be more beneficial to your business.

If you have been processing on an incorrect VAT scheme you need to change the current scheme. You can either reset your Accounting data or change your VAT scheme and then correct your VAT liability afterwards.

From 1 April 2017, if you’re a limited cost business your VAT flat rate percentage will be 16.5% regardless of your sector. You must check what the correct percentage should be for your business, then enter the right value if you haven't done so already.

The VAT Flat Rate Scheme is an alternative way for small businesses to calculate the VAT due to HMRC. Processing on the scheme is simple as the VAT due is calculated automatically when you produce your VAT Return.

We've gathered together everything you need to help you to make sure that your settings and the transactions you post are correct. So you can submit your VAT Returns with confidence.

The way in which VAT is charged on construction services will change in 2020, as a result of new anti-fraud rules being introduced by HM Revenue and Customs (HMRC).

When you record your transactions, any VAT amounts you include will be recorded against the VAT nominals listed in this article.

When you become VAT registered you’ll be assigned a VAT scheme depending on your business' turnover.

What to do if the outside flat rate box is greyed out or not available and you want to reclaim VAT on a purchase as part of the VAT Flat Rate Scheme.

For UK businesses, Stripe fees are classed as EU reverse changes. This means that the fees, although exempt, will go in boxes 6 and 7 on your VAT Return as they are EU services that incur reverse change VAT.