VAT - Bad Debt Relief Bad debt relief allows businesses that have made supplies on which they have accounted for and paid VAT but for which they have not received payment to claim a refund of the VAT by reference to the outstanding amount.
VAT - Cash Accounting Cash accounting enables a business to account for and pay VAT on the basis of cash received and paid rather than on the basis of invoices issued and received.
VAT Annual Accounting Scheme The Annual Accounting VAT Scheme is designed to reduce the administrative burden on small businesses, by allowing them to submit just one VAT return per year, rather than the normal four.
VAT Matters for the Smaller Business This briefing focuses on VAT matters of relevance to the smaller business. A primary aim is to highlight common risk areas as a better understanding can contribute to a reduction of errors and help to minimise penalties.
