VAT Cheat Sheet for Businesses [Infographic]

VAT is a sales tax that is charged on most goods and services offered by VAT-registered businesses in the UK and the Isle of Man. Once you register your business, you will receive your own VAT number. In order to stay out of trouble, you need to know VAT due dates, record VAT, and properly prepare your VAT return. This infographic from Vatulator serves as a cheatsheet to VAT for businesses: