In the United Kingdom there are three alternatives to the standard VAT accounting method:
- Flat rate scheme. Under this scheme, you simply pay a percentage of your total turnover as VAT.
What is the VAT Moss service?
VAT MOSS is short for VAT Mini One Stop Shop. If your business sells certain digital services to consumers in the wider EU, from 1st January 2015 you have to charge them local VAT based on where they used the service.