How VAT Apportionment Scheme Works
A retail business is the one that sells directly to the public and so it may find it difficult to issue a VAT invoice for each sale. Such examples are small convenience stores where many transactions are for less than £1, but which will include VAT. In such cases, it is difficult to issue a VAT receipt for each sale and it is time-consuming to record each sale separately to show the VAT in detail. VAT Retail Schemes, such as the apportionment scheme come in handy as it allows a simpler recording of VAT.
Collection : Accountant