VAT schemes explained? Explain how VAT schemes work? Explain VAT, or Value Added Tax, is a system of indirect taxation. In this quick VAT tutorial, I will walk you through the concept and definition of how VAT works, run you through a VAT example with a Value Added Tax calculation, and discuss the different VAT categories in use. How does VAT work? What is reverse charge VAT?
Topics include:
0:00 Timestamps
0:22 Standard rate VAT
0:30 Flat rate VAT
2:05 How to decide which scheme to use
3:45 An example of the flat rate scheme
// VAT FLAT RATES
www.gov.uk/vat-flat-rate-sche...
// WANT TO BECOME A CLIENT?!
Book a meeting - outlook.office365.com/book/Bo...
Accountancy practice - www.strivex.co.uk/oxford-acco...
// COME AND SAY HI!!
Instagram - / accountant_she
Accountancy practice - www.strivex.co.uk/oxford-acco...
// SHOP MY PUNNY ACCOUNTANCY MERCH HERE!
Etsy store: www.etsy.com/shop/accountantshe
#selfemployed #vat #limitedcompany