VAT in the UK Explained for Beginners | VAT Rates 20%, 5%, 0% | Input & Output VAT, Double Entry скачать в хорошем качестве

VAT in the UK Explained for Beginners | VAT Rates 20%, 5%, 0% | Input & Output VAT, Double Entry

Learn everything you need to know about Value Added Tax (VAT) in the UK — perfect for beginners, business owners, and accounting students! In this full lecture, we explain how VAT works, including: ✅ What is VAT and who needs to register ✅ VAT registration threshold (£90,000 turnover) ✅ Output VAT (sales) vs Input VAT (purchases) ✅ Double entry for VAT transactions ✅ How VAT appears in the Sales & Purchases Day Books ✅ How to calculate VAT payable or reclaimable ✅ Making Tax Digital (MTD) for VAT ✅ Understanding VAT rates — 20%, 5%, and 0% ✅ Exempt and outside-the-scope supplies By the end of this session, you’ll understand exactly how to record, calculate, and report VAT to HMRC using practical examples. VAT rates: Standard, Reduced, Zero, Exempt, and Outside Scope #VAT #UKVAT #VATExplained #AccountingBasics #Bookkeeping #HMRC #TaxForBeginners #VATRates #InputVAT #OutputVAT #MakingTaxDigital #UKTax #SmallBusinessUK #LearnAccounting #FinanceEducation