UK VAT Returns

If your business is trading more than £85000 per year, you are required to register and submit your VAT return every quarterly. As you business owner it is your responsibility to submit VAT return to HMRC and comply with Making Tax Digital requirements or get an accountant to do it for you.

How does VAT works?

If your business is VAT registered you must charge VAT on your sales to your customer. Put simply, you have to collect VAT on behalf of HMRC if your business sales is more than £85000 in a year. Therefore, the collected VAT amount belongs to HMRC and it is a liability for your business.  HMRC will provides incentives for collecting VAT for them. So what is the incentive?

The incentive is you can claim the expenses on your purchases. You must notify and pay your VAT bill to HMRC quarterly. As a business owner you must comply with Making Tax Digital Requirement when it comes to VAT Return.

What is Included?

  • MA personal VAT Tax  manager
  • Access to mobile app to record your business expenses. You can simply scan your receipts, we will do the rest from our end.
  • Access to MTD cloud based software
  • Free Mobile App to scan and capture your receipts.
  • Vat with EU sales and purchase
  • VAT UK sales and purchase
  • Vat deadline management
  • All HMRC correspondence.
  • Monthly business  updates
  • Unlimited business consultation and business advice
  • Exclusive access to Tax Care business networking events.
  • The incentive is you can claim the expenses on your purchases. You must notify and pay your VAT bill to HMRC quarterly. As a business owner you must comply with Making Tax Digital Requirement when it comes to VAT Return.

How does VAT works?

If your business is VAT registered you must charge VAT on your sales to your customer. Put simply, you have to collect VAT on behalf of HMRC if your business sales is more than £85000 in a year. Therefore, the collected VAT amount belongs to HMRC and it is a liability for your business.  HMRC will provides incentives for collecting VAT for them. So what is the incentive?

The incentive is you can claim the expenses on your purchases. You must notify and pay your VAT bill to HMRC quarterly. As a business owner you must comply with Making Tax Digital Requirement when it comes to VAT Return.

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