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This module deals with the aspects of VAT which are particularly relevant to small and medium sized businesses. It begins by looking at registration in the context of small business and whether such registration can be avoided by business splitting. It also explores the advantages of the flat rate scheme for small business, how retail schemes are dealt with and finally the procedures for correcting errors. 

On completion of this module you will gain an understanding of:

  • the impact of the registration threshold on small businesses
  • when business splitting is or is not acceptable
  • the operation of the flat rate scheme for small business
  • the cash accounting and annual accounting schemes
  • when and how the retail schemes are used
  • how to deal with claims and adjustments of VAT.

Key information

  • learn at your own pace
  • help meet your annual CPD requirements
  • develop your own learning needs.

BPP is a leading provider of online technical CPD for accounting professionals. 

Disclaimer: This course is available for ACCA members, you may need your ACCA membership number to complete your booking. This course and outline is provided by a third-party course provider. All course bookings are subject to the terms and conditions set by the course provider. Please see individual supplier pages for full terms and conditions. ACCA takes no liability for bookings made with third-party supplier.


12 months access 30 GBP (exc. VAT)


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Date: Ongoing
Duration: 1 hour
CPD Units: 1