You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period of time 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. Are you aware that, as a VAT-registered business, you must submit all VAT Returns digitally from April 1st, 2019? This is part of HMRC’s Making Tax Digital guidelines and requires that all returns are submitted via recognised software. We can help with this, contact us now for a free initial consultation. You can read more about this here: | What is Making Tax Digital? | Shan Sohal Chartered Accountants, Surbiton, Surrey | We can help with all of your VAT return requirements.