Tax Fact-Sheets

VAT – cash accounting

We summarise the workings of cash accounting for VAT. If you are starting or have recently started a business in the Co. Antrim area we, at Proactive Accounting, can advise you on the cash accounting scheme. Cash accounting enables a business to account for and pay VAT on the basis of cash received and paid…

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VAT – flat rate scheme

We explain how the VAT Flat Rate Scheme operates. The VAT flat rate scheme for small businesses reduces the administrative burden of operating VAT. If you are starting or have recently started a business in the Co. Antrim area we, at Proactive Accounting, can advise as to whether the flat rate scheme is appropriate to…

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VAT – how to survive the enforcement powers

With careful planning Proactive Accounting can help businesses in the Co. Antrim area to avoid VAT penalties. Although some of the penalties for VAT infringements have been less severe in recent years, there is still an alarming array of enforcement powers to trap the unwary. By being aware of the problem areas and planning carefully,…

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VAT – seven key points for the smaller business

Seven key VAT areas to consider for the smaller business. If you are starting or have recently started a business in the Co. Antrim area we, at Proactive Accounting, can help you comply with the VAT regulations. This factsheet focuses on VAT matters of relevance to the smaller business. A primary aim is to highlight…

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