With over 12 years of experience we help companies reach their financial and accounting goals. Abishel Accounting is a values-driven consulting and accounting firm.

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Black British construction site manager reviewing invoices at a building site, representing VAT schemes for small businesses.

VAT Schemes for Small Businesses

The UK offers special VAT schemes to help small businesses simplify VAT reporting and improve cash flow. Standard VAT Accounting SchemeThe most common scheme where businesses charge VAT on sales and reclaim VAT on purchases, submitting VAT returns usually quarterly.