COURSE · Your own books
VAT Returns under Making Tax Digital
“I press submit on the VAT return every quarter and hope.”
Courses / A/C 2000 · Keeping your own books
THE PROBLEM, IN YOUR WORDS
“Someone told me the flat rate scheme would save money and I never checked.”
VAT Schemes Compared: Flat Rate, Cash, Annual and Margin
The special VAT schemes side by side, with the arithmetic for each one, so the choice is made on numbers rather than on hearsay.
34 lessons6 h 14 min24 months’ access
LEDGER · UNITS
The units, in order
About 11 minutes a lesson. Running totals show where you will be at the end of each unit.
| No. | Unit | Lessons | Running total | Running time |
|---|---|---|---|---|
| 01 | Standard accounting as the baseline | 5 | 5 | 55 min |
| 02 | The flat rate scheme and limited-cost traders | 8 | 13 | 2 h 23 min |
| 03 | Cash accounting | 6 | 19 | 3 h 29 min |
| 04 | Annual accounting | 5 | 24 | 4 h 24 min |
| 05 | Margin schemes for second-hand goods | 6 | 30 | 5 h 30 min |
| 06 | Choosing and changing | 4 | 34 | 6 h 14 min |
| Total | 34 | 34 | 6 h 14 min |
OUTCOMES
You will be able to…
- 01Work out what each scheme would mean for a given business
- 02Recognise when a scheme stops suiting the business
- 03Keep the records each scheme requires
INCLUDES
What is in it
- Each scheme worked through with the same small business, so the results compare
- The conditions for joining and leaving each scheme
- A comparison sheet you fill in with your own figures
- End-of-unit questions with worked answers
WHO IT SUITS
Small business owners and bookkeepers choosing or reviewing a VAT scheme.
Suggested pace 2 h a week · about 4 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 Schemes Compared: Flat Rate, Cash, Annual and Margin 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: 34 lessons across 6 units, 6 h 14 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 small business owners and bookkeepers choosing or reviewing a VAT scheme. At the suggested pace of 2 hours a week it takes about 4 weeks. If you are unsure where to begin, the rest of this shelf shows the neighbouring courses.