Find out more about VAT Cash Accounting and check if you’re eligible here. If you are eligible for VAT Cash Accounting, then you can start using it and don’t need to tell HMRC. If you leave / join the scheme, you may need to report some additional information to HMRC – find out more here.
Find out more about the VAT Flat Rate Scheme and check if you’re eligible here. If you are eligible for VAT Flat Rate Scheme, you must seek HMRC approval.