VAT Returns and Payments

When you've reclaimed more VAT than you've charged your customers, HMRC will repay you the difference automatically when you submit your VAT Return. In most cases, you'll receive your repayment within 30 days, though HMRC may sometimes ask you to provide supporting information...

7 min read

Completing your VAT return accurately is essential to avoid penalties and ensure you pay the correct amount of VAT to HMRC. Most VAT-registered businesses must submit their returns using compatible software, which compiles figures from your digital records, though some exempti...

6 min read

Everyone makes mistakes, and errors on VAT returns are more common than you might think. The good news is that HMRC provides clear routes to correct them — and if you act promptly and honestly, you can often avoid penalties. The method you use depends on the size of the error...

5 min read

Making Tax Digital (MTD) for VAT is now a legal requirement for all VAT-registered businesses unless they're specifically exempt. This means you must use compatible software to keep digital VAT records and submit your VAT returns electronically. If you're genuinely unable to meet these...

4 min read

If you're registered for VAT, you must submit a VAT Return to HMRC every three months using Making Tax Digital software. The deadline is usually one calendar month and seven days after your accounting period ends, and you need to submit a return even if you have no VAT to pay...

5 min read

If your business owes HMRC more than £2.3 million in VAT within any 12-month period, you'll be required to make payments on account. These are advance payments towards your VAT bill, paid twice during each VAT quarter in addition to your normal quarterly return. Understanding...

5 min read