VAT (Value added tax)

If you’re a small business owner, limited company director or freelancer, VAT is going to play a huge part of your business. Watch our video and download these helpful documents to help you understand the ins and outs of VAT in more detail.

VAT Basics Explained

In our latest video for the Accounting & Tax Academy on YouTube we’ve broken down the ins & outs of VAT as well as going into the things you need to consider when making the decision to register for VAT in UK if you are doing so before legally required. If your annual VAT taxable turnover exceeds £85,000 then you must register for VAT. 


As well as our video explaining the basics of VAT we’ve prepared 2 downloadable resources for you to refer to. The first is a table illustrating the various VAT exempt, reduced rate and zero rate supplies  and the second is an in-depth look at the VAT Flat Rate Scheme including the varying rates for different types of businesses.

VAT reduced, Exempt and Zero Rates Tables

VAT Flate Rate Scheme (FRS) Table

VAT Evaluation Service

As explained in our video, it can often be extremely beneficial to your business to register voluntarily for VAT in UK before you reach the current threshold of £85,000. We offer a bespoke VAT Evaluation service to work this out for you. This involves an analysis and calculation of your numbers (including a future forecast) that will help you make an informed decision on VAT registration. Remember, if the numbers work for your business, you could end up reclaiming thousands of pounds from HMRC in VAT for your business simply by registering for VAT. Watch this 3 minute video to see exactly how it works.

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VAT Evaluation

from £ 99
  • In depth evaluation from a VAT expert.
  • A full analysis based on your specific circumstances
  • Detailed information to help you make an informed decision on VAT registration
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