A VAT Return is a regular submission made to HM Revenue & Customs (HMRC) that reports a business’s Value Added Tax (VAT) activity for a specific accounting period. It summarises the VAT charged on sales (output tax), the VAT paid on purchases (input tax), and calculates whether VAT is payable to HMRC or refundable to the business.
In the UK, VAT Returns are usually submitted quarterly and must comply with Making Tax Digital (MTD) requirements, meaning they are filed electronically using compatible software. Accurate completion and timely submission of VAT Returns are essential to ensure compliance with UK tax regulations and to avoid penalties or interest charges.
- VAT registration.
- Advice on VAT efficiency.
- VAT calculation in compliance with applicable rules & regulations.
- VAT returns filing to HMRC.
- Assistance with any HMRC inquiries and dispute resolution.
