Value Added Tax Guidance

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VAT accounting schemes

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Latest Guidance
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15 Apr 2020

The following provides a brief overview of the main requirements of each retail scheme. Businesses with a retail turnover exceeding £130m are required...

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15 Apr 2020

This guidance note provides an overview of the Point of Sale (POS) retail scheme requirements. This note should be read in conjunction with the...

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15 Apr 2020

This guidance note provides an overview of the rules relating to Apportionment retail schemes 1 and 2. This note should be read in conjunction with...

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15 Apr 2020

All retail schemes work by applying the appropriate VAT fraction(s) to DGT that are liable to VAT at the standard or reduced rates in order to...

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15 Apr 2020

This guidance note provides a brief overview of any retail scheme requirements that are specific to certain industry sectors. This note should be read...

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15 Apr 2020

This guidance note provides an overview of the main VAT principles governing the use of retail schemes. This note should be read in conjunction with...

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15 Apr 2020

This guidance note provides an overview of the bespoke retail schemes. This note should be read in conjunction with the Retail schemes - overview...

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15 Apr 2020

This guidance note provides an overview of the two Direct Calculation retail schemes and should be read in conjunction with the Retail schemes –...

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28 Jun 2019

This guidance note provides an overview of the margin scheme rules that apply to agents and pawnbrokers. If the business selling the second hand goods...

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28 Jun 2019

This guidance note provides details on the margin scheme for supplies of second-hand horses and ponies. This note should be read in conjunction with...

Latest Guidance
VAT_tax_img10
Value Added Tax

The following provides a brief overview of the main requirements of each retail scheme. Businesses with a retail turnover exceeding £130m are required to use a bespoke...

VAT_tax_img
Value Added Tax

This guidance note provides an overview of the Point of Sale (POS) retail scheme requirements. This note should be read in conjunction with the following guidance...

VAT_tax_img7
Value Added Tax

This guidance note provides an overview of the rules relating to Apportionment retail schemes 1 and 2. This note should be read in conjunction with the Retail schemes -...

VAT_tax_img3
Value Added Tax

All retail schemes work by applying the appropriate VAT fraction(s) to DGT that are liable to VAT at the standard or reduced rates in order to establish the amount of VAT...

VAT_tax_img5
Value Added Tax

This guidance note provides a brief overview of any retail scheme requirements that are specific to certain industry sectors. This note should be read in conjunction with...

VAT_tax_img7
Value Added Tax

This guidance note provides an overview of the main VAT principles governing the use of retail schemes. This note should be read in conjunction with the following...

VAT_tax_img4
Value Added Tax

This guidance note provides an overview of the bespoke retail schemes. This note should be read in conjunction with the Retail schemes - overview guidance note. SI...

VAT_tax_img2
Value Added Tax

This guidance note provides an overview of the two Direct Calculation retail schemes and should be read in conjunction with the Retail schemes – overview and Retail...

VAT_tax_img5
Value Added Tax

This guidance note provides an overview of the margin scheme rules that apply to agents and pawnbrokers. If the business selling the second hand goods via an auction then...

VAT_tax_img
Value Added Tax

This guidance note provides details on the margin scheme for supplies of second-hand horses and ponies. This note should be read in conjunction with the Overview of...