VAT Returns

As a company, you’re required to submit a VAT return to HMRC either monthly, or every three months, recording important information such as your company’s total revenue, the VAT it’s owed and the value of its VAT refund.

Your company needs to register for VAT if:

  • the VAT taxable turnover is expected to be more than £85,000 in the next 30-day period
  • it had a VAT taxable turnover of more than £85,000 over the last 12 months

VAT registration may also be required in some other cases, depending on the kinds of goods or services you sell and where you sell them. VAT returns must be submitted to HMRC online and any VAT that is due must be paid electronically. To use this service, you will need to register online to submit your VAT return.

365 Accounting are experts in helping you with the dreaded VAT!

As a business you want to pay your VAT on time, pay the correct amount and ensure you don't get the VAT inspection you've heard your associates crying about!

Get in touch today and we'll make navigating the VAT minefield easy.

Arrange a free consultation