VAT Returns

VAT applies if your turnover reaches £85,000 for that year. Once this happens you must:

• Register for VAT
• Charge VAT on goods/services you sell
• Pay VAT on goods/services for buy
• File a return each quarter to HMRC

Ideally, VAT you charge and pay should be equally balanced – if not, you must either pay the difference or claim a refund. Keeping meticulous records is vital to ensure you’re not paying more than you need to.

How much VAT you need to charge depends on what you sell. An accountant can advise on which rate applies to you.

How we can help

We will give you full support in filing your VAT return so it’s one less thing to worry about.

We will:

• Check all bookkeeping is correct
• Ensure you’re claiming for VAT you’ve incurred to reduce your bill
• Discuss different schemes that might best apply to you
• Ensure you’re happy with the figures before we submit to HMRC