5 articles tagged with Small Business Vat.
The VAT Flat Rate Scheme charges a fixed percentage of your gross turnover instead of tracking input and output VAT separately — and the percentage varies enormously by trade. Here is how it works and whether it still pays off in 2026/27.
If a customer never pays, you can still be left having handed HMRC the VAT. Bad debt relief lets you reclaim that VAT once the debt is six months overdue. Here is how it works for VAT-registered businesses in 2026/27.
The VAT Annual Accounting Scheme replaces four quarterly returns with one annual return plus interim payments, smoothing budgeting for small businesses. Learn the GBP 1.35m turnover limit and how it works in 2026/27.
The VAT Cash Accounting Scheme lets you account for VAT when you are paid, not when you invoice, easing cash flow for businesses that wait to get paid. Learn the GBP 90,000 registration threshold, who qualifies and when it helps.
If your turnover falls, you may be able to deregister for VAT and simplify your admin. Learn the GBP 88,000 deregistration threshold, how it differs from the GBP 90,000 registration threshold and what leaving costs you in 2026/27.