Special schemes for calculating VAT on sales

Electronic Point of Sale (EPOS) systems 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?

If you do not have an EPOS system, you may not be able to accurately divide your sales receipts between VAT rates. In this case there are special schemes available to enable you to complete your VAT return. This would typically apply to a business with a large volume of sales and multiple VAT rates.

For further information, please see: