All VAT Registered businesses with a turnover of £100,000 or more and all businesses newly registering for VAT, whatever their turnover must file their VAT returns online and pay any VAT due electronically.

Where you have sales or services that span the date at which the rate changes, then you will need to consider how to calculate the applicable rate.

If you have any doubt about the rate of VAT to apply to a transaction, please give Amber Accounting Services a call.

Assess whether your business should take advantage of:-

• Cash Accounting Scheme
• Flat Rate Scheme
• Annual Accounting Scheme