VAT – Annual Accounting Plan

VAT – Annual Accounting Plan – Pact Accountancy

VAT - Annual Accounting Plan

The annual accounting plan helps small businesses file only one VAT return per year instead of the usual four. The plan aims to help with the budget and cash flow and reduce paperwork. If you are starting a business in the UK, Pact Accountancy will advise you on an annual accounting plan. HMRC has introduced some VAT schemes designed to reduce the administrative burden on small businesses. One such scheme is the annual accounting scheme.