Special schemes for calculating VAT on sales

Cash registers, or Electronic Point of Sale (EPOS) systems, can accurately record the sale of goods and services at the various rates of Value-Added Tax (VAT). You can use these records as the basis for completing your VAT return.

What if you cannot accurately record sales at the various VAT rates?

There are special schemes if you have no accurate facility for dividing the sales receipts between supplies at the different rates of VAT. This would typically apply to a business with a large volume of sales and multiple VAT rates.

For further information, please see: