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VAT Returns

Preparing your VAT return correctly is vital. It must be done on time and it MUST be right. Duport Accountants can ensure that your VAT return is perfectly prepared and submitted on time, every time.

What is a vat return?

If your business is VAT registered you must submit a VAT return monthly, quarterly or annually to HMRC.

Your VAT return shows all the VAT you’ve charged on your sales, and all the VAT you can reclaim on business expenses.

HMRC will then credit or collect the amount due.

If your annual sales exceed £85,000 then you MUST register for VAT. If you don’t, it’s up to you whether you want to. If you’re NOT registered for VAT, then you can’t charge it to your customers, but it means you can’t reclaim it either.

VAT can get complex, as there are different rates for different products and services, and it can also be dependent on where the purchase or sale is made.

So it can be incredibly helpful to have an expert manage VAT on your behalf. That ensures everything is calculated correctly, and you don’t end up in trouble with HMRC.

How it works

With Duport we can manage your VAT on time without any errors, overpayments or complexity.

  1. Our expert bookkeepers ensure everything is in order
  2. We record all the VAT on purchases and sales
  3. We send you the correct figures in plenty of time to submit to HMRC

We also monitor deadlines and send you reminders, so you won’t miss them!

Get a commitment free quote

Complete our quote wizard and we will send you a price straight away. It only takes 2 minutes!

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Popular FAQs

Still have questions? Here are the answers to some of the most common questions people ask about Duport.

A VAT Return is a form which records your sales, purchases and expenses, whether VAT is charged or reclaimable on each transaction, and your overall VAT bill for the period.

All VAT registered businesses, whether they are Limited Companies or Sole Traders, must submit VAT returns.

If your annual turnover is more than £85,000 per year, then you are required to register for VAT.

If your annual turnover is more than £85,000 per year, then you are required to register for VAT.

If you don’t meet that threshold, it’s not required, although many businesses still do register, enabling them to claim VAT back on purchases.

Most businesses submit a VAT return every 3 calendar months, although there are options for submitting them annually.

The deadline for submission is one month and seven days from the last date of the period the VAT Return covers. So if your VAT return covered 1st January 2022-31st March 2022, your VAT return would need to be submitted and paid by 7th May 2022.

Need some help?

If you need a little advice on the best options for you, or have a question that's not in our FAQ, Duport's expert team are here to help. Give us a call during office hours or email us any time and we'll help you out.