VAT returns filed accurately and on time.
VAT-registered businesses must file quarterly returns and submit them digitally under Making Tax Digital (MTD). Miss the deadline and you'll face an immediate penalty point. We handle all of it as part of your monthly plan.
What's included
- Quarterly VAT return preparation and MTD submission
- VAT liability calculation (output tax minus input tax)
- Input VAT review - ensuring allowable claims aren't missed
- VAT scheme advice (standard, flat rate, cash accounting)
- VAT registration with HMRC (if not already registered)
- VAT scheme changes (e.g. de-registration when eligible)
- EC sales lists and reverse charge (where applicable)
- HMRC VAT correspondence handled on your behalf
Who it's for
Any VAT-registered UK business. VAT registration is compulsory when taxable turnover exceeds £90,000 (as of 2024/25). We also advise on voluntary registration, which can be beneficial for VAT-registered customers or when input VAT reclaims are significant.
Frequently asked questions
You must register for VAT when your taxable turnover exceeds £90,000 in a rolling 12-month period (2024/25 threshold). You must register within 30 days of exceeding this threshold. You can also register voluntarily below this level - useful if most of your customers are businesses who can reclaim the VAT.
MTD for VAT requires all VAT-registered businesses to keep digital records and submit VAT returns using MTD-compatible software. This has been mandatory since April 2022. We submit all VAT returns via MTD-compliant software as standard.
The standard rate scheme suits most businesses. The flat rate scheme can save money for service businesses with low input VAT - you charge 20% but pay HMRC a lower flat rate depending on your trade. Cash accounting suits businesses with slow-paying customers as you only pay VAT when you're paid. We'll advise which is optimal for you.
HMRC moved to a penalty points system in 2023. Each late return adds a penalty point; at 4 points you receive a £200 fine and £200 for each subsequent late return. Interest applies on late payments. We submit returns well before the deadline so this never becomes an issue.
Ready to get your accounting sorted?
Book a free 30-minute discovery call. No obligation - we'll explain exactly what we'd do for you and what it costs.