VAT Returns

Do you need to register for VAT?

You must register for VAT if:

• You expect your VAT taxable turnover to be more than £85,000 in the next 30-day period
• Your business had a VAT taxable turnover of more than £85,000 over the last 12 months

You can also register voluntarily if your business turnover is below £85,000.

You must pay HMRC any VAT you owe from the date they register you.

What do I need to do once I've registered?

You will need to:

• Register on the most appropriate VAT scheme
• Charge VAT to your customers
• Submit quarterly VAT returns to HMRC
• Pay HMRC the VAT you have received from your customers

Making tax digital for VAT (MTD)

VAT registered businesses and organisations with a taxable turnover over the VAT threshold (£85,000) are required to maintain their accounting records and file their VAT returns using MTD compliant software, from the first VAT period starting on or after 1 April 2019.

Here are some answers to common questions we get asked.  Please let us know if you'd like to discuss any questions you have and we'll see how we can best assist you.