Summary of the retail schemes

Produced by Tolley
Summary of the retail schemes

The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Summary of the retail schemes

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 scheme if they cannot use standard VAT accounting. See the Bespoke retail schemes guidance note.

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