VAT – How VAT works – HMRC e-Learning
Welcome to this guide ‘How VAT works’ produced by HM Revenue & Customs (HMRC) to help you deal with VAT (Value Added Tax). This guide is designed to give you an overview of some of the VAT information you will need. It is for guidance only and does not cover everything about VAT.
• Charging VAT - what and when you should charge your customers on your sales
• Reclaiming VAT - what you can claim back from HMRC for the VAT you have paid on your purchases
• VAT Returns - why, when and how to send your VAT Return to HMRC
• VAT accounting schemes
To access the e-Learning guide, please click here: http://www.hmrc.gov.uk/courses/