If your business is VAT registered, you must submit VAT returns and maintain digital records under Making Tax Digital for VAT. We prepare and submit your VAT returns accurately and on time, handle all HMRC correspondence, and ensure you never miss a deadline or pay more than you should.
Do you need to register for VAT?
You must register for VAT if your taxable turnover exceeds £90,000 in any rolling 12-month period, or if you reasonably expect it to exceed £90,000 in the next 30 days alone. You have 30 days from the end of the month you exceeded the threshold to register. Failure to register on time can result in backdated VAT liability plus penalties.
You can also voluntarily register for VAT below the threshold, which may allow you to reclaim VAT on business costs. We can advise on whether this is beneficial for your business.
VAT return deadlines
VAT returns and payments are due one calendar month and seven days after the end of your VAT period. For example, for a quarter ending 31 March, the return and payment are due by 7 May. Missing this deadline results in penalty points under HMRC's new points-based system, with financial penalties applying once a points threshold is reached.
MTD for VAT
All VAT-registered businesses must keep digital records and submit VAT returns using MTD-compatible software. We handle all of this on your behalf using Xero or QuickBooks, ensuring you remain fully compliant with HMRC's requirements.
VAT scheme advice
There are several VAT schemes available, and the right one depends on your business. We advise on the standard rate scheme, flat rate scheme, cash accounting scheme, and annual accounting scheme — helping you choose the most tax-efficient option for your circumstances.
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