VAT is not vodka and tonic. VAT record keeping explained
RECORD KEEPING FOR VAT PURPOSES Accurate records for VAT purposes are very important subject that allow for easier VAT return preparation as well as less stress for the company related to unnecessary HMRC inspection. If you are VAT registered, you must: keep accurate records of sales and purchases keep record of VAT account which is usually prepared by your accountant issue correct sales invoices to your clients (details below) make sure that all records are accurate, complet