Overview
VAT-registered businesses must keep adequate records and usually submit returns through compatible software. Digital links should preserve data as it moves between systems. A VAT Return can be due even where there is no tax to pay.
Who this applies to
VAT-registered businesses and organisations.
Key points
- Keep valid VAT invoices and evidence for input tax claims.
- Reconcile sales, purchases, bank accounts and VAT control accounts.
- Use the correct tax point and VAT treatment.
- Correct errors using the proper method rather than changing a filed return without a record.
Important dates and deadlines
Quarterly VAT Returns and payment are usually due one calendar month and 7 days after the end of the VAT period. Different deadlines can apply under special schemes.
Practical checklist
- Complete bookkeeping before the return is prepared.
- Review unusual, international and reverse-charge transactions.
- Reconcile the VAT return to the ledger.
- Approve the return and payment.
- Save the submission receipt and supporting workings.
Frequently asked questions
Do I submit a return if there was no activity?
Usually yes, while the registration remains active.
Can spreadsheets be used?
They can be part of the process, but the digital-record and digital-link requirements must be met.
How Accountants4All can help
Support matched to your circumstances
Accountants4All can maintain or review VAT records, prepare returns, investigate control-account differences and submit through compatible software.
Official sources and further reading
This page is general guidance and does not create an adviser/client relationship. Tax rules and official guidance can change. Use the official sources above and obtain advice based on your circumstances.
Read the full tax disclaimer