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Standard vat accounting scheme - PowerPoint PPT Presentation

AN INTRODUCTION TO VAT

AN INTRODUCTION TO VAT. What is VAT?. Value Added Tax (VAT) is a form of indirect taxation It is one of many forms of taxation in the United Kingdom, used by the Government to raise income. The government body responsible for the administration of VAT is HM Revenue & Customs (HMRC)

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252 views • 9 slides

VAT RETURNS

VAT RETURNS. Reporting of VAT. Typically, businesses will report details of their Output VAT and Input VAT to HMRC every three months. This is done using the VAT return (a VAT 100 form) at the end of each quarter. The return summarises all the transactions for the period.

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141 views • 6 slides

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Standard vat accounting scheme - PowerPoint PPT Presentation

AN INTRODUCTION TO VAT

VAT RETURNS