VAT returns are a key part of running a VAT-registered business in the UK.
This guide explains what VAT returns are, how they work, and how to submit them correctly.
What is a VAT Return?
A VAT return is a report submitted to HMRC showing how much VAT you have charged and how much VAT you have paid on business expenses.
You usually need to submit VAT returns every quarter.
What Information is Included in a VAT Return?
A VAT return includes your total sales, purchases, VAT owed to HMRC, and VAT you can reclaim.
The difference determines how much you pay or receive.
When Are VAT Returns Due?
VAT returns are usually due one month and seven days after the end of your VAT period.
Late submissions can result in penalties.
If you are unsure whether you need to submit VAT returns, check your VAT registration status and threshold to ensure compliance.
How to Submit a VAT Return
You must submit VAT returns online using HMRC’s Making Tax Digital system.
Most businesses use accounting software to do this.
What Happens If You Miss a VAT Return?
If you miss a VAT return deadline, HMRC may charge penalties or interest.
It is important to submit returns on time to avoid additional costs.
Use a VAT calculator.
Use our VAT calculator to work out how much VAT to report on your return.
You can also view examples such as VAT on £100 or £1,000.
Disclaimer
This guide is for general information only. While every effort is made to ensure accuracy, we are an independent resource and not affiliated with HMRC. VAT rules can change, and their application may vary depending on your circumstances. You should consult a qualified accountant or tax professional for specific advice.