VAT management doesn’t have to be as daunting as you might think. Although Vertiqo can complete a host of VAT-related duties on your behalf, there are a few things you can do to make things even simpler. Paying VAT on time is essential for the financial health of your business. Setting up a direct debit can help you avoid missing payments and also means the funds will be taken from your business account automatically. You also need to make sure you’re charging the right amount of VAT. There are four VAT rates, these are exempt, zero-rated, 5% and 20% (the standard rate). It’s also essential that you’re using the correct VAT scheme. Some of the non-standard VAT schemes could be particularly beneficial for your business.