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Official guidance
VAT Annual Accounting Scheme

VATAAS5000 · Operating the scheme

  • VATAAS5100 · Conditions for continuing use of the scheme
  • VATAAS5200 · Use of annual accounting with a retail scheme
  • VATAAS5300 · Use of annual accounting with the cash accounting scheme
  • VATAAS5400 · Use of annual accounting with the flat rate scheme
  • VATAAS5500 · Partially exempt businesses
  1. Operating the scheme: Contents
  2. Operating the scheme: Use of annual accounting with a retail scheme

VATAAS5200 | Operating the scheme: Use of annual accounting with a retail scheme

From HM Revenue & Customs · VAT Annual Accounting Scheme

Businesses can use a retail scheme together with the annual accounting scheme. The business must follow the scheme rules that apply to each quarter and make calculations once a year.

Further information on using the annual accounting and retail schemes together can be found in Notice 732 Annual Accounting and Notice 727 Retail Schemes.

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