Small Business: Essential VAT Guide November 2016 | Page 2

SMALL BUSINESSES
Small Business Accountants & Tax advisers based
in Peterborough to take care of the accounting,
bookkeeping, tax and payroll needs of your small
business.

Contents
What is Value Added Tax

3

When to register for VAT

3

Rates of VAT

4

How and when do I pay my VAT?

5

Choosing the right VAT scheme for your

5

Standard VAT Accounting

5

Flat Rate VAT Scheme

5

VAT scheme eligibility

6

Compliance

6

VAT invoices

6

Odiri Tax Consultants: Small business accounting for
contractors

8

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