VAT

VAT schemes

​If you thought there was just one way to account for VAT, then think again!

If you thought there was just one way to account for VAT, then think again!

There are several VAT schemes you can operate, some of which are applied to certain sectors. You may

  • Operate a Shop (VAT Retail Scheme)
  • Sell takeaway food (VAT Catering Scheme)
  • Sell second-hand cars, works of art or antiques (VAT Margin scheme)

If you operate by selling regular goods and services then you have options on how you account for your VAT

  • VAT Annual Accounting Scheme
  • VAT Flat Rate Scheme
  • VAT Cash Accounting Scheme
  • VAT Accrual Accounting Scheme

We can you help you select the right VAT Scheme which could help maximise your cashflow and potentially make a VAT surplus by using the Flat Rate Scheme.

Please Email or call our team at One Accounting on 0131 220 0152 for help with any area of VAT and to arrange a free VAT consultation.

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Call us on 0131 220 0152 or complete the enquiry form

We are a team of award winning Chartered Management Accountants based in Edinburgh. We are cloud accounting and tax specialists helping businesses and contractors in the technology and food & drink sectors across Edinburgh and the Lothians. Your Tech-Savvy Edinburgh Accountants since 2007.