VAT RETURNS IN UK
A VAT return shows how much VAT is due on Sales (output VAT) and how much VAT can be reclaimed on Purchases (input VAT) dictating how much is then paid or reclaimed from HMRC for a given period. Whether you are just beginning out or are in business for a long time, Brits Accountancy can help you meet your VAT responsibilities
VAT Returns are normally completed every quarter, but can be annually depending on your agreement with HMRC.
Being VAT registered means you can reclaim VAT on purchases that you have been charged VAT on. Brits Accountancy use the standard VAT accounting method means that every quarter you would be required to fill in a standard VAT return form (online only).