Quarterly VAT returns

Many businesses unintentionally over or underpay Value Added Tax (VAT) as a result of its complexity.

The widening parameters of this burdensome tax and frequent changes made by HM Revenue & Customs (HMRC) often require the assistance of a professional to ensure that businesses comply with the relevant regulations.

If you are VAT-registered you will need to submit a VAT return every quarter.

The normal due date for filing of VAT returns and payment of the VAT is one month after the end of the VAT period. Nearly all businesses now have to submit their VAT returns online and pay any VAT due on that return electronically.

Making Tax Digital, the government’s new digital tax initiative, is set to be implemented over the coming years. This will affect VAT-registered businesses: Hodge Bakshi will be keeping you up to date on all of the key Making Tax Digital developments.

Please take a look at our bespoke bookkeeping solution which allows us to compute your quarterly VAT returns.