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VAT Returns. How to submit your return You must submit your return online unless: your business is subject to an insolvency procedure - if you have a Company Voluntary Arrangement or an Individual Voluntary Arrangement you can submit your return online if you want to you object to using computers on religious grounds you cannot because of your age, a disability or because of where you live, for example you do not have internet access Contact HM Revenue and Customs HMRC to find out how to submit your return, for example paper filing, if you cannot submit online.
Print entire guide. Brexit Check what you need to do. Explore the topic Business tax VAT. AAT Business Finance Basics are a series of online e-learning courses covering the core financial skills every business needs.
VAT — deadlines and penalties. Login to add to your reading list. What is the deadline for filing my VAT Return? How can I check the VAT deadlines for my business?
What information do I need to include in my VAT return? Below is a reproduction of an example of a VAT account. February 1, Annual adjustment:Retail Scheme — Apportionment Scheme 1 VAT on credits allowed to customers Total tax deductible 6, In this example, the return must be submitted and payment made by 7 May. Find funding now. What happens if I am late to file or pay VAT? What are my payment methods? What happens if I file a VAT return that is wrong?
Are there any exceptions to these rules? There is no misdeclaration penalty if you have voluntarily disclosed an error. Our customers. For small business. For enterprise.
VAT is a tax charged on many goods and services by the government. Firstly, what is a VAT return? You may also be able to reclaim VAT charged on purchases made by the business, as well as other expenses referred to as input VAT. The VAT return should include several different items, including:. The rules around how to complete a VAT return can be very complicated. Want to learn how to calculate a VAT return?
Make a note of the VAT you paid on all business-related purchases and expenses. Learning how to fill in VAT return online is relatively simple. Alternatively, you can use your own commercial accounting software — such as Xero or QuickBooks — to submit your VAT return directly.
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