VAT RETURNS

You usually submit a VAT Return to HM Revenue and Customs every 3 months. This is known as your ‘accounting period’.

The VAT Return records things for the accounting period like:

  • your total sales and purchases

  • the amount of VAT you owe

  • the amount of VAT you can reclaim

  • what your VAT refund from HMRC is

You must submit a VAT Return even if you have no VAT to pay or reclaim.

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