VAT Returns

The landscape of tax administration in the UK is evolving with Making Tax Digital (MTD). Now, if your business is VAT-registered, digital record-keeping and electronic submission of VAT returns are essential.

We're proficient with certified accounting platforms like Xero and QuickBooks and proudly maintain full MTD accreditation.

Rely on us to streamline your digital VAT submissions, and offer timely guidance and support related to VAT matters.

Is your business ready for making tax digital for VAT ?

How does VAT work?

Your business must send VAT reports to HMRC, which can be monthly, quarterly, or yearly. These reports show the VAT you've collected from sales and the VAT you've paid on purchases.

If you've collected more VAT than you've paid, you owe the difference to HMRC. But if you've paid more than you've collected, HMRC will give you a refund.

What is my VAT payment date?

To review your VAT Return and payment due dates, simply log into the Government Gateway and navigate to your VAT digital dashboard.

Your dedicated VAT digital dashboard will highlight you on:

The deadlines for your VAT Return submissions.
The dates by which payments should be reflected in HMRC's ledger.

Generally, submission and payment deadlines coincide, usually set at one month plus seven days post the close of your accounting period.

For instance, if your VAT cycle concludes on March 31, the VAT due would typically be payable by May 7. Note that direct debit payments typically process approximately three days post the return's deadline.

What is VAT?

Value Added Tax (VAT) is a tax on the consumption of goods and services charged in the United Kingdom. It is levied as a percentage of the price paid by the consumer. The standard VAT rate is currently 20%, although some goods and services are taxed at reduced rates of 5% or 0%.

VAT is collected by businesses registered for VAT purposes, these then charge VAT on their sales invoices and are liable to remit these VAT amounts to HMRC.

Staying compliant with VAT obligations can be burdensome, but our experts are here to handle the entire VAT return process for you

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VAT Return

Staying compliant with VAT obligations can be a headache, but our experts are here to guide you through the entire VAT return process. We use accounting software to efficiently compile and calculate your VAT liability. Once your return is ready, we file it with HMRC on your behalf and make the VAT payment if tax is due.

VAT made easy

At our firm, we streamline VAT compliance so it's one less burden for your business. With years of experience, our accountants are experts at navigating VAT rules and regulations. We efficiently compile your records, calculate your VAT due, and file your returns accurately. You focus on your business while we focus on making VAT compliance easy.

Understanding VAT can be challenging. Our VAT experts are ready to guide and ensure you remain compliant. For clarity and peace of mind, don't hesitate.