Just about everyone has heard of VAT (value-added tax). We’re used to paying it on many of the goods and services we purchase as we go about our everyday lives.
But when you have your own business, you’ll learn a whole new world of VAT exists as you work out how to apply it to your own trade. That’s because there are numerous VAT accounting schemes that HMRC offers, and which one is right for you will depend on the nature of your business.
To get you up to speed, we’ll take a look at each of the main VAT accounting schemes, explaining how they work and who they might suit.
You might be interested in...
01 Jul 2026
TC Group has given a clear signal of its commitment to the success of the region by moving its team to the heart of Bournemouth Christchurch and Poole (BCP).
Learn more
TC Group moves to the heart of Bournemouth
01 Jul 2026
Retain key staff with EMI schemes and Employee Ownership Trusts (EOTs), aligning incentives with long-term business success.
Learn more
Retaining Staff While Planning for the Future
29 Jun 2026
VAT changes for locum doctors explained. Understand HMRC’s 2025 update, the Isle of Wight ruling, and what it means for medical recruitment agencies.
Learn more
VAT changes for locum doctors: What medical recruiters need to know
29 Jun 2026
Is your cash sitting idle? There are smart, tax-efficient ways to invest business profits that can benefit your personal wealth and strengthen your business’ future resilience.
Learn more
Are You Making the Most of the Cash in Your Business?
24 Jun 2026
With ongoing global economic uncertainty, read our blog to understand today’s Commercial Funding options for SME businesses.
Learn more
Commercial Funding in an Evolving Lending Market
24 Jun 2026
Recognising the exceptional expertise, dedication and client service delivered by our Service Charge team.
Learn more
TC Group named Service Charge Accountancy Firm of the Year 2026