find out when your VAT returns are due; set up a Direct Debit to pay VAT; view your payments and how much you owe; check and appeal penalties; report changes to your business; cancel …

Contact HMRC to report changes to your business or ask questions about VAT (including Making Tax Digital for VAT) and Fulfilment House Due Diligence Scheme (FHDDS)

Exports, sending goods abroad and charging VAT; Work out your place of supply of services for VAT rules

2 天之前 · Businesses must follow a structured process for registering for VAT in the UK, which includes gathering business details, submitting an application, and receiving a VAT number from HMRC:. Step 1. Gather required information such as business details, expected turnover, and bank account information.. Step 2. Submit the VAT registration form online using HMRC’s portal.

A separate scheme called The Flat Rate Scheme is also run by HMRC. This scheme allows a VAT registered business with a turnover of less than £150,000 (excluding VAT) per annum to pay a fixed percentage of its turnover to HMRC every 3 months. [36]

2025年2月28日 · In a three-month period (a VAT quarter) a VAT registered business charges £3,000 worth of VAT to customers, and pays £2,000 in VAT to its suppliers. The business’s VAT bill payable to HMRC for that period is £1,000. A different business charges £5,000 of VAT on sales to customers in a VAT period.

2025年1月17日 · Value Added Tax (VAT) is a consumption tax levied on most goods and services sold in the UK. It is an essential part of running a business if your turnover exceeds the VAT threshold set by HMRC. Understanding how VAT works and how to submit a VAT return correctly is crucial for maintaining compliance and avoiding penalties.

VAT returns are how VAT-registered companies must report 2 crucial pieces of information to HMRC: VAT you charge your customers; VAT you pay on goods and services for your business; HMRC calculates the difference between VAT collected and paid. This becomes either your VAT bill or the VAT rebate amount.

2024年11月9日 · A VAT return is a financial report submitted by VAT-registered businesses to HM Revenue and Customs (HMRC). This report details the total VAT collected on sales and the VAT paid on purchases, known as output VAT and input VAT, respectively. A VAT return aims to calculate whether a business owes VAT to HMRC or is eligible for a VAT refund.

2025年3月24日 · Read our guide to the best practices when it comes to HMRC VAT invoice requirements, including registration, electronic invoicing, and more.