VAT for Small Businesses
Revised and up to date for 2025/26. VAT affects many businesses across the globe and getting it wrong can be administratively burdensome and costly. Enhance your knowledge of VAT for small business and discover the governing rules, guidelines and the schemes available to your business or clients.
£150 +VAT
VAT for Small Businesses
£150 +VAT
365 days’ access
VAT for Small Businesses
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Familiarise yourself with the fundamentals of VAT
- Understand how the flat rate scheme can help your business and enable you to calculate the VAT due
- Define the cash accounting scheme, and its advantages and drawbacks
- Understand the annual accounting scheme and how to make advance VAT payments
- Describe the VAT margin schemes available to small businesses
About the course
VAT affects many people and businesses across the globe. Not only are the rules governing it complex, but getting it wrong can be administratively burdensome and, more importantly, costly. However, there are some invaluable VAT schemes that are available to smaller businesses. Understanding who can benefit from these, and what the conditions are, can make a massive difference to your business or clients.
This course will demystify the rules and guidelines that govern VAT that the schemes become easier to navigate. Discover the main features and eligibility of the range of schemes including flat rate, cash accounting, annual accounting and margin.
Please Note: This course only covers UK tax
Contents
VAT: The basics
VAT: An overview
The fundamentals
The accountant’s role in VAT
Registering
Supplies and VAT tax
Compliance
Flat rate scheme
All about the flat rate scheme
The aims of the scheme
Relevant percentage
Eligibility and restrictions
The limited cost trader rate
Leaving the scheme
The cash accounting scheme
All about the cash accounting scheme
The aims of the scheme
Eligibility and restrictions
Advantages and disadvantages
Joining and leaving the scheme
The annual accounting scheme
All about the annual accounting scheme
The aims of the scheme
Advantages and disadvantages
Joining and leaving the scheme
Margin schemes
All about the margin scheme
The aims of the scheme
Eligibility and restrictions
Special rules for car dealers
Joining and leaving the scheme
Global accounting
Author
Andy Rainford
Andrew Rainford BA (Hons), ATT, CTA trained and qualified with an independent London firm of accountants, and subsequently worked on EY’s personal tax consultancy team.
Now based in North Wales, he runs his own tax consultancy and writing business, Red Dragon Consulting, working directly for private clients and also supporting other tax advisers.
16 reviews for VAT for Small Businesses
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Rob Vaughan –
Good refresher.
Sarah Gregory –
Good overview, depending on the business requirements, will need to deep dive more into some of the modules
John Curror –
GOOD REMINDER COURSE
Urala de Silva –
Gives you an excellent information relating to VAT for Small businesses
Gethin Griffiths –
……..
Bennett Ene –
The course covered VAT schemes in a proactive and practical manner with a good balance of theory, practical case studies, checks of learning and summary material to take away
Chelsey Fuggle –
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Leigh McShane –
Down one star because I would have liked to know more about the invoicing under a VAT margin scheme as that differs slightly to standard invoicing. I did find it a bit long too. I was switching off as the course went on. I do really like your courses though. Much more engaging and to the point than other courses I have tried from other providers.
Susanna Phillips –
Easy to understand and seems comprehensive.
Helen Reynolds –
Made a complex topic understandable!
Imtiaz Khan –
This course covered all basic concepts for the VAT
Gediz Cetin –
A useful summary of VAT for small businesses.
Sarfraz A Khan –
Very informative
Stephen Robinson –
Not used some of the schemes so really useful to bring me up to date with all the various options
Asta Baibokiene –
Very clear and loads of examples.
Gavin Barclay –
Might need more details on some schemes, though appreciate some not much used eg margins. I did learn about LCT and how it distorts FRS, and realise why lot of schemes are waste of time, as spend too long working out if there is a benefit.