This comprehensive UK guide to Value Added Tax (VAT) is for advisers to, and finance directors of, UK small businesses. It covers topics such as: Business (Definition, Contribution to Costs, Business-Like Manner, Profit Motive, Problem Areas) --- VAT Registration (Registration, Voluntary Registration, Exemption or Exception from Registration, Disaggregation and Artificially Split Businesses) --- Rates of VAT: Standard-rate, Reduced-rate, Zero-rate, Exempt, Outside the Scope of VAT) --- Input Tax (Non-Business Supplies, Business Entertainment, Business Gifts, Employee Expenses, Motoring Expenses) --- VAT Accounting (Record Keeping, Bad Debt Relief, Invoices) --- Special Schemes (Cash Accounting, Annual Accounting, Flat Rate Scheme, Retail Schemes, Second-Hand Goods) --- Administration (Correction of Errors, Penalties, VAT Avoidance, Complaints) --- Complex Areas (Partial Exemption, Capital Goods Scheme, Land and Property, Imports, Exports, Trading with Other EU Member States, Tour Opera