COURSE · Your own books
VAT Schemes Compared: Flat Rate, Cash, Annual and Margin
“Someone told me the flat rate scheme would save money and I never checked.”
Courses / A/C 2000 · Keeping your own books
THE PROBLEM, IN YOUR WORDS
“I press submit on the VAT return every quarter and hope.”
VAT Returns under Making Tax Digital
What each box of the return means, where the figures come from, and how to check a quarter before it goes to HMRC through compatible software.
41 lessons8 h 12 min24 months’ access
LEDGER · UNITS
The units, in order
About 12 minutes a lesson. Running totals show where you will be at the end of each unit.
| No. | Unit | Lessons | Running total | Running time |
|---|---|---|---|---|
| 01 | How VAT works, in one hour | 6 | 6 | 1 h 12 min |
| 02 | Standard, reduced, zero-rated and exempt | 7 | 13 | 2 h 36 min |
| 03 | Input tax: what you can and cannot reclaim | 8 | 21 | 4 h 12 min |
| 04 | The return, box by box | 8 | 29 | 5 h 48 min |
| 05 | Making Tax Digital records and submission | 7 | 36 | 7 h 12 min |
| 06 | Corrections and penalties | 5 | 41 | 8 h 12 min |
| Total | 41 | 41 | 8 h 12 min |
OUTCOMES
You will be able to…
- 01Explain what feeds every box on a VAT return
- 02Spot the usual errors before submission
- 03Keep digital records that meet the Making Tax Digital rules
INCLUDES
What is in it
- A full quarter prepared, checked and submitted on screen, box by box
- Common errors and how they are corrected on the next return
- Digital record-keeping and digital links explained in plain English
- A pre-submission checklist you keep
WHO IT SUITS
VAT-registered business owners and bookkeepers who prepare returns for others.
Suggested pace 2 h a week · about 5 weeks · plan it with other courses
CONTRA ENTRIES
Pairs with
COURSE · Payroll
Payroll from Scratch: PAYE, National Insurance and RTI
“We are about to hire our first employee and nobody here has run a payroll.”
QUERIES
Questions about this course
Anything else: the chat in the corner is answered by a person, or see how access works.
How long can I watch it, and when does access start?
You can watch VAT Returns under Making Tax Digital for 24 months from the day access begins. Access details arrive by email within one working day of payment, and you can rewatch any lesson as often as you like during that time.
What exactly is the format?
Streamed video lessons, watched online: 41 lessons across 6 units, 8 h 12 min of video in all. The lessons are recorded, so there is no live tutor and no marking, and nothing is downloadable. Tax content is education, not advice on your own situation; rates and thresholds are taught for a stated tax year.
Is it the right course for me?
It was made for VAT-registered business owners and bookkeepers who prepare returns for others. At the suggested pace of 2 hours a week it takes about 5 weeks. If you are unsure where to begin, the rest of this shelf shows the neighbouring courses.