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- Whether you are a sole trader or limited company, new startup, or an early stage business and have just recently registered for VAT in the UK, then one of the questions on your mind may be how do you actually pay your business VAT bill? In this video, we will explain, when do you need to pay your VAT? Options as to how to pay your VAT, how to set up a Direct Debit for that with HMRC, and finally, what happens if you pay your VAT bill late. Before we get into todays video, be sure to hit that subscribe button as well as the notification bell, to make sure youre kept up to date with all of our latest content. This really helps us to produce more helpful videos and to get you real quality advice from real qualified accountants. (upbeat music) It is highly probable your business is operating with what is known as the Standard VAT Scheme here in the UK. There are other schemes such as a Flat Rate Scheme and some special schemes, which are better explained in our VAT Basics video, somet